News Clips for July 17, 2018
Millennials on track for better retirement outcome - Empower Institute
The youngest workers have a better chance of meeting retirement goals than older peers, according to research published Wednesday by the Empower Institute, the affiliated research arm of Empower Retirement.
The looming retirement crisis for public and private employees
When it comes to saving for their retirement, Americans better hope they don't retire. Public-sector pensions are either running out of money or are at risk. But what we haven't focused on is the rising problem with private-sector pension funds. That is something we must address as well, or retirement security will wind up being nothing more than an oxymoron
NYSE Opposition to Trading-Fee Review Puts Companies and Some Shareholders at Odds
At issue is a Securities and Exchange proposal to study the costs to investors of a system that charges for some trades and pays rebates on others (subscription required)
CalPERS Earns 8.6% for Latest Fiscal Year
Pension results were just under its custom benchmark, missing the mark by six basis points.
State's retirement fund grows for ninth year in a row
Florida's $160.4 billion state pension fund showed a preliminary return of 8.99 percent for the fiscal year that ended June 30, marking the ninth straight year the retirement fund has shown a gain.
Pension woes take toll on Illinois local government ratings
The western Chicago suburb of Forest Park became the fifth Illinois community since early last year to suffer a multi-level rating cut from Moody's Investors Service with pension strains cited a key factor. (subscription required)
Kentucky Judge Rejects Gov.'s Pension Ruling Request
Bevin has 30 days to file an appeal with state Supreme Court.
Canada's DB pension plans are overcoming volatility
A report from Mercer Canada shows that the solvency position of Canada's BD funds improved in the second quarter of 2018 with its index based on a hypothetical plan rising to 107 on June 30th compared to 106 on March 31st.