4 05, 2022

Vermont governor vetoes pension reform bill, but override likely

2022-05-04T08:35:37-07:00May 4th, 2022|Categories: Pension Reform|Tags: , |

By Margarida Correia Source: Pensions & Investments Vermont Gov. Phil Scott has vetoed legislation unanimously passed in the House and Senate to reform the state's pension systems for teachers and state employees. In a letter to lawmakers on Monday, Mr. Scott rebuked the bill, saying it "does not include enough structural change to solve the enormous unfunded liability problems the state faces." He raised concerns that despite adding $250 million in additional taxpayer money, the state in several years [...]

2 12, 2021

44% of U.S. pension plan sponsors set to review, renegotiate fees

2021-12-02T08:45:29-08:00December 2nd, 2021|Categories: Pension Reform|Tags: , |

Source: Benefits Canada Nearly half (44 per cent) of pension plan sponsors in the U.S. said they intend to review and/or renegotiate their plan’s management fees over the next one to two years, whether it’s custody fees (27 per cent) or investment management fees (17 per cent), according to a survey by consulting firm Callan. The survey, which polled more than 160 U.S. organizations representing 194 plans with more than US$975 billion in assets under management, found the average [...]

7 06, 2021

Gensler directs SEC staff to weigh further proxy-voting rules

2021-06-07T14:49:11-07:00June 7th, 2021|Categories: Pension Reform|Tags: , |

By Brian Croce Source: Pensions & Investments The SEC's division of corporation finance will not recommend enforcement actions related to a series of amendments to the proxy-voting advice rule that were finalized last year after Chairman Gary Gensler announced Tuesday that he asked the staff to consider recommending further regulatory action on the issue. In July, the SEC, in a 3-1 vote with Republicans in control, approved sweeping changes to rules governing proxy advisory firms. The rule amendments made [...]

2 03, 2020

France invokes clause to push through pension reform

2020-03-02T15:00:13-08:00March 2nd, 2020|Categories: Pension Reform|Tags: , |

French Prime Minister Edouard Philippe has said the government invoked a special clause in the country’s Constitution to push through a controversial pension reform plan without a parliamentary vote. Speaking at the Lower House of Parliament, Philippe on Saturday announced his decision to use Article 49-3 to make into law the government’s pension reform bill, reports Xinhua news agency. The French goverment has planned to replace the current pension system of 42 regimes by a point-based single one with [...]

Go to Top