20 10, 2022

How Pension Plans Evolved Out of the Great Financial Crisis

2022-10-20T15:14:18-07:00October 20th, 2022|Categories: Defined Benefit Plans|Tags: |

Source: AI-CIO.com Public pension funds were not spared from the carnage of the Great Financial Crisis, as assets and funding statuses eroded between December 2007 and June 2009. From 2009-2013, there was a significant dip in the aggregate percentage of required contributions paid. When the economy recovered, states and other plan sponsors normalized their contribution levels. A recent webinar held by the National Institute on Retirement Security, in conjunction with consulting firm Segal and Lazard Asset Management, reviewed the [...]

6 09, 2022

Public Funds Are Among Strongest Backers of ESG Resolutions

2022-09-06T16:46:04-07:00September 6th, 2022|Categories: ESG|Tags: , |

Source: AI-CIO.com Public pension funds strongly support environmental, social and governance shareholder resolutions, Morningstar data show. According to a Morningstar research report released this month, public pension funds’ average rate of support for ESG resolutions was 90% in 2021, compared with 85% of ESG-focused funds and 63% of general shareholders. “Basically, public pension funds’ voting behavior looks very similar to mutual funds and [exchange-traded funds] that focus on ESG issues,” says Janet Yang Rohr, director for multi-asset and alternatives [...]

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