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It’s All In The Fine Print: Will Your Fiduciary Insurance Cover You When You Need It?

Carol Buckmann is an attorney who has practiced in the employee benefits field for over 30 years. This post was originally published at Pensions & Benefits Law. Will that insurer your company has been paying premiums to for all of these years stand behind you if you are sued for ERISA violations?  Have you just been relying on a broker to give ...
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How Many Teachers Deserve Adequate Retirement Benefits? Some? Most? All?

Chad Aldeman is an associate partner at Bellwether Education Partners and a former policy advisor at the U.S. Department of Education. This post was originally published on TeacherPensions.org. How many teachers should be eligible for adequate retirement benefits? My answer is all of them: For every year they work, teachers should accumulate benefits ...
CalSTRS

CalSTRS Appoints New Director Of Corporate Governance

Kirsty Jenkinson will be director of corporate governance for the California State Teachers Retirement System starting in January 2019. She replaces Anne Sheehan who retired in March 2018. More information on Ms. Jenkinson can be found in this report from BusinessWire: Ms. Jenkinson comes to CalSTRS from Wespath Benefits and Investments in Illinois, ...
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The Pension vs. 401k Debate Harms Teachers

This post originally appeared on TeacherPensions.org. Each year, around 150,000 new teachers are hired to work in American public schools. Those teachers might not pay much attention to their retirement except to note that they’re enrolled in their state’s pension plan. A “pension plan” sounds good, safe, and secure, much ...
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Pew: Investment Performance Falls As Alternative Allocations Rise

Seeking to boost returns on their investments, many state pension funds turned to hedge and private equity funds for help. Alternative investments grew from 11% to over 26% of the average public pension plan. A Pew study reports that as of fiscal year 2016 (latest available data), state pension funds now have a combined $1.4 trillion deficit, up $295 ...
Calpers

Meng Returns To CalPERS As New CIO

After three years in China as the deputy chief investment officer for the State Administration of Foreign Exchange, former employee Ben Meng will return to CalPERS as Chief Investment Officer (CIO). He will succeed Ted Eliopoulos who was CIO since 2014. Adam Ashton filed this report in the Sacramento Bee: ”We are pleased to have (Meng) back,” CalPERS ...
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Pew Says Modest Economic Downturn Could Spell Doom For The Most Underfunded Pension Systems

A relatively healthy US economy has helped keep state pension funds afloat over the past several years but a recent study from The Pew Charitable Trusts suggested that even a modest downturn in economic fortunes could push off the cliff some of the more troubled state pension funds like those in New Jersey and Kentucky. Here is an excerpt from a report ...

OTPP Building New Careers?

Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Rishika Sadam of Reuters reports, Apollo Global-led investor group to buy CareerBuilder: A group of investors led by U.S. private equity firm Apollo Global Management LLC (APO) and Ontario Teachers’ Pension ...

Maverick CalPERS Board Member Won’t Run Again

Reporter Ed Mendel covered the California Capitol in Sacramento for nearly three decades, most recently for the San Diego Union-Tribune. More stories are at Calpensions.com CalPERS board member J.J. Jelincic, known for being reprimanded by fellow board members and asking frequent and detailed questions about agenda items, was expected to seek a third ...

CalPERS on PE Fees: Staff “Can’t Track It”, But Software Can

CalPERS’ pays billions of dollars in fees to external investment managers each year. But an official admitted last week that the fees are sufficiently complex that staff “can’t track” them by themselves. It was revealed at last week’s board meeting that the pension fund uses an algorithm — part of software built for ...
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