retirement-decision

The Case For Long-Termism in Pension Investments

Pension funds, more so than other investors, operate on a particularly long time horizon. But that doesn’t mean funds can’t succumb to short-term thinking. Keith Ambachtsheer, Director Emeritus of the International Centre for Pension Management at the University of Toronto, makes the case for more long-term thinking at pension funds in a recent ...
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Pension Funds React, Weigh Next Move After Bond Guru’s Departure From PIMCO

Bill Gross, bond guru and co-founder of investment management firm PIMCO, has left the company. Gross’ is only the latest in a string of high-level departures from the firm. Some wealth managers had exited PIMCO earlier this year after sensing that the “team was falling apart.” But how are pension funds reacting? Here’s CalPERS’ take, from ...
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Would You Sell Your Future Pension For a Lump Sum of Cash? These Businesses Are Banking On It

You’ve heard of payday advances. But pension advances? Believe it or not, businesses are popping up that allow retirees to do just that: “sell” a portion (or all) of their future retirement income in exchange for a lump sum of cash today. The owners of these businesses admit that their service isn’t for everyone. But if you need to pay bills ...
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Is the Retirement Savings Crisis Too “Hyped”? These Researchers Think So.

A seemingly routine Capitol Hill hearing got very interesting very fast late last month. The hearing was held by the Ways and Means Social Security Subcommittee and focused on the state of retirement savings in the U.S. Why was it so interesting? Two of the witnesses, Sylvester J. Schieber and Andrew G. Biggs, insisted that the retirement savings “crisis” ...
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Federal Reserve: One In Five People Nearing Retirement Have No Retirement Savings

The Federal Reserve released its Report on the Economic Well-Being of U.S. Households last week, and one statistic stood out starkly from the rest: 19 percent of people between the ages of 55 and 64 have no retirement savings and don’t have a pension lined up. The Federal Reserve surveyed 4,100 people last year and retirement savings were one of the ...
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Survey: Pensions Funds Will Continue To Increase Alternative Investments

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CalPERS Rescinds $700 Million Investment With Private Equity Fund Headed By Doctor With No Private Equity Experience

You probably trust your doctor with your life. But with your money? Many people might balk at the notion of their doctor making their investment decisions for them. But back in 2007, CalPERS made a big bet: a $705 million investment in a private equity fund, Health Evolution Partners Inc., specializing in health care companies. The CEO of the fund, ...
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Divesting From Gun Manufacturers Is Still On The Minds of Some Large Pension Funds

The politics of guns isn’t a topic too often broached at shareholder meetings. But that’s exactly the topic that was the center of attention at Alliant Techsystems’ annual shareholder meeting on July 30, which included a shareholder resolution asking the Virginia-based defense and sporting goods company to comply with some of the Sandy Hook ...
401k

Private Equity Sets Sights on 401(k)s

Private equity funds have been a staple of the investments of defined-benefit plans for decades. But as the prominence of defined-benefit plans diminish and defined-contribution plans rise in their place, private equity firms now have their eyes on another prize: 401(k)s. So said several major private equity players who spoke as part of a panel discussion ...
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Nevada PERS to Release Member Data After Years-Long Legal Fight

A three-year legal battle concluded this week when the Nevada Public Employment Retirement System (NVPERS) agreed to release extensive data on its members, including benefits, in compliance with a state Supreme Court order from April. The data to be released, according to a NVPERS notice (also embedded at the bottom of this post): -Date of hire -Date ...
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