CHICAGO, Jan 7 (Reuters) – The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers. Lawmakers in Washington have been working on ways to protect the benefits promised to partic... More »
PARIS (Reuters) – The French capital’s Opera Bastille has been silent for nearly a month because its orchestra is on strike, but on Tuesday the musicians performed on the steps of the opera house to bring attention to their anger at planned pension reforms. Th... More »
PARIS (Reuters) – Ballerinas in white tutus danced scenes from Swan Lake on the forecourt of the Paris Opera on Tuesday to protest against President Emmanuel Macron’s plans to scrap their special pension benefits. Backed by musicians from the Paris Symphony Or... More »
PARIS (Reuters) – Four branches of France’s hardline CGT union, including railway and transport workers, threatened on Sunday to step up protests unless the government withdraws its pension reform proposal this week. In a major overhaul of France’s complex pen... More »
(Reuters) – A $34 billion Iowa pension plan on Friday said it will terminate an investment contract with Kenneth Fisher, whose alleged insensitive remarks about women has cost his firm more than $1 billion in assets under management. The Iowa Public Employees’... More »
BOSTON (Reuters) – Commissioners of a $23 billion Los Angeles fire and police pension fund are ready to drop the firm of money manager Kenneth Fisher, who is under fire for allegedly making insensitive remarks about women. Several members of the Los Angeles Fi... More »
NEW YORK (Reuters) – A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer.... More »
NEW YORK (Reuters) – U.S. pension funds are projected to shift $12 billion into bonds from stocks in a rebalancing of their investments at the end of January, amid a rebound in the stock market following a sharp sell-off in late 2018, Wells Fargo Securities an... More »
CHICAGO (Reuters) – Roberta Dell has worked for 46 years making lollipops, and she loves her job. But she worries that retirement may not be as sweet as the Dum Dum lollipops she bags. Dell works for the Spangler Candy Company in Bryan, Ohio – a family-owned b... More »
NEW YORK (Reuters) – Corporate pensions are shifting a chunk of their $1.55 trillion in assets into fixed income, which may be sizeable enough to flatten the yield curve further. The funding gap, between what corporations owe in pension plan obligations and th... More »
FILE PHOTO: The logo of Mexican construction company ICA is seen in Mexico City, March 8, 2016. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Mexico’s state workers’ pension fund plowed more than $20 million into ICA (ICA.MX) and became the largest shareholde... More »
While U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in great shape to meet retirement obligations. More »
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values... More »
As yields on risk-free Treasuries fell, private pension plans lowered their investment return assumptions but public plans did not. Instead, public pensions invested in risky assets. REUTERS/Graphics U.S. public pension funds are cutting their expectations for... More »
The following timeline charts the schedule for Quebec’s pension fund, the Caisse de Depot et Placement du Quebec, to finance and oversee the construction of a new 67 kilometer (41.63 miles)public transit system in Montreal, the third largest automated transpor... More »
FILE PHOTO – Polices officers watch a train pass in a subway station in Montreal, May 10, 2012. REUTERS/Olivier Jean Quebec’s public pension fund, the Caisse, is about to take on one of its toughest investment challenges yet – helping the commuters of Montreal... More »
SEOUL South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said it had chosen a BlackRock Inc unit and Grosvenor Capital Management to manage investments in funds of hedge funds in 2016. NPS, which plans to begin investing in h... More »
SAN FRANCISCO The California Public Employees’ Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. In May, CalPERS bought a 1... More »
NEW YORK Kentucky’s troubled public pension funds are fighting a bill requiring them to disclose performance fees paid to outside asset managers and use more transparent methods when selecting those managers. Both the Kentucky Teachers Retirement System (KTRS)... More »
NEW YORK New York City Mayor Bill de Blasio urged the city’s pension funds on Friday to divest their holdings in stocks of gun makers after this week’s mass shooting in San Bernardino, California. Two of the funds in the city’s $155 billion pension system drop... More »
NEW YORK U.S. pensions may add $21 billion to $26 billion in stocks and sell $19 billion to $24 billion in bonds in the third quarter as they seek to rebalance their portfolios as the stock market has fared poorly in the quarter, according to UBS analysts. Wit... More »
LONDON The combined assets of the world’s largest 300 pension funds grew more than 3 percent in 2014 to a new high of more than $15 trillion, driven by retirement saving in North America and Europe, a study showed on Monday. Ageing populations in the developed... More »
NEW YORK Growing pension obligations at Precision Castparts Corp (PCP.N), which Berkshire Hathaway has agreed to buy for $32 billion, highlight an issue that large U.S. corporations still face, almost a decade into a low-interest rate environment. Berkshire’s ... More »
