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Keeping you up to speed on major public sector retirement system stories and new research about improving retirement security.
August 14, 2019
Largest Pension Plans Underperformed on Investments in 2019
Public pension plans fell short of their projected returns this year, adding to the burden on governments struggling to fund promised benefits to retired workers. Public plans with more than $1 billion in assets earned a median return of 6.79% for the year ended June 30, the lowest since 2016, according to Wilshire Trust Universe […]
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The latest pension & retirement news
A number of pension funds are lowering their return expectations for private equity at a time when officials are counting on the asset class to help their entire portfolios reach expected rates of return. Return projections are falling, pushed down by a massive amount of capital flowing into the asset class — a sharp contrast […]
Source: Pensions & Investments
CalSTRS’ investment committee Thursday approved a new private equity investment policy, adopting a new lower benchmark for its $20.1 billion portfolio… During the discussion, Keith Yamanaka, a delegate on the committee for board member State Superintendent of Public Instruction, Tony Thurmond, questioned CalSTRS’ investment in private equity given the lower potential return. Investors are supposed […]
Source: Pensions & Investments
Every day, an estimated 10,000 Americans baby boomers retire – and unfortunately many of them will spend their golden years pinching pennies. According to a recent estimate released by the U.S. Government Accountability Office, nearly half of all Americans 55 and older have no retirement savings. Still, despite having no retirement savings, many retirees are […]
Source: USA Today
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