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Video: New Thinking About Retirement Risk Sharing

The above talk was given by Peter Shena, Executive Vice President and Chief Pension Officer of the Ontario Pension Board, at the 2014 Pension Research Council Conference. Shena speaks about “creative, progressive risk-share models” implemented in some European countries that go beyond defined-benefit or defined-contribution plans. He also ...
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Do Pension Plans Give Retirees a False Sense of Retirement Security?

At one time, pensions were seen as the safest, most secure stream of retirement income. But the security of pension benefits is no longer rock-solid. That raises the question: do pensions give retirees a false sense of retirement security? Economist Allison Schrager explores the idea: Until recently, a pension benefit seemed as good as money in the ...
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Private Equity Likely to Target 401(k)s As Next Big Capital Source

According to a survey released Monday, nearly 90 percent of institutional investors believe that defined-contribution (DC) plans are firmly in the cross-hairs of private equity firms. Reported by Investments and Pensions Europe: Coller Capital’s latest quarterly Global Private Equity Barometer suggests the world’s limited partner (LP) community ...
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Knoxville Voters Approve All 5 Pension Measures on Ballot

There were five separate pension measures on the Knoxville ballot yesterday – and voters approved all five by a large margin. The measures weren’t as far-reaching as more controversial reform initiatives such as Phoenix’s Proposition 487. But they still introduce changes to Knoxville’s retirement system. Among the changes: more investment options ...
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The Effect of Age On Portfolio Choices

Does a person’s willingness to hold risky assets diminish as they grow older and get closer to retirement? How does aging affect portfolio choices? A paper published in the October issue of the Journal of Pension Economics and Finance aims to tackle those questions. The authors analyzed administrative data from an Italian defined-contribution plan ...
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Fact Check: Would Phoenix’s Pension Proposal Really Cost $350 Million?

In just two weeks, Phoenix residents will head to the ballot boxes to vote on Proposition 487, the controversial pension reform measure that would shift new hires into a 401(k)-type system. Recently, a group opposing the law made a bold claim: “Prop. 487 will cost Phoenix taxpayers more than $350 million over the next 20 years.” But is ...
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New York Comptroller Candidates Square Off on Pensions

The New York State Comptroller serves as the sole trustee of New York’s $176.8 billion retirement system. So it’s not surprising that pensions were among the first issues broached during Wednesday night’s televised debate between the two candidates for Comptroller, incumbent Thomas DiNapoli (D) and newcomer Robert Antonacci (R). Antonacci voiced ...
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Kolivakis: Time To Face The “Brutal Truth” About Defined-Contribution Plans

Leo Kolivakis, the man behind the Pension Pulse blog, has long been a critic of replacing defined-benefit plans with 401(k)-style plans as a means of reforming public pension systems. The Canadian Public Pension Leadership Council released a report last week arguing that converting large public DB pension plans to DC plans would be costly and ineffective. ...
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Changing the Conversation About Pension Reform

Keith Ambachtsheer, Director Emeritus of the International Centre for Pension Management at the University of Toronto, wants to change the conversation around pension reform from “dysfunctional” to “constructive”. In a recent article in the Financial Analysts Journal, Ambachtsheer explains how the reform conversation can be “re-framed” ...
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Study: Retirement Savings Have Grown Across All Age Groups Since 2007

Data shows that nest eggs, on the whole, are smaller these days. But a recent survey suggests a bit of good news: since the financial crisis, median retirement savings across age groups have grown by leaps and bounds. From the Christian Science Monitor: Despite all the attention paid to insufficient total savings, median retirement savings among working-age ...
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