Funding Archives - Page 12 of 30 - Pension Policy International

21DecDecember 21, 2022

UK. Pensions regulator unveils consultation on defined benefit funding

A draft funding code of conduct and consultation on defined benefit (DB) pension schemes has been unveiled by The Pensions Regulator, requiring trustees to think carefully about risk management to improve security for their members. Under the draft code and consultation, schemes will be expected to set a long-term objective and a “journey plan” for achieving it. The regulator expects schemes will reduce their reliance on sponsoring employers as they reach maturity. The consultation requires trustees to raise the bar...

December 21, 2022

NewsFunding, Regulation, UK

16DecDecember 16, 2022

U.S. public pension funding improves in November – Milliman

The overall estimated funding ratio of the 100 largest U.S. public pension plans rose to 74.7% at the end of November thanks to positive market returns, according to the Milliman 100 Public Pension Funding index. During the month of November, Milliman estimated that public pension plans had an aggregate investment return of 4.7%, with an estimated range of 2.5% to 7.2%. It was the second month in a row that estimated funding ratios rose because of market returns. Milliman estimated that...

December 16, 2022

NewsFunding, Public Pensions, US

09DecDecember 9, 2022

U.S. corporate pension plans’ funding ratios remained over or near 100% in November

U.S. corporate pension plans' funding ratios remained over or near 100% in November, but four reports said ratios dropped slightly because rising discount rates offset strong investment returns for the period. The estimated funding ratio of the 100 largest U.S. corporate pension funds fell to 111.2% as of Nov. 30, down from 113.3% as of Oct. 31, according to the latest Milliman 100 Pension Funding index. The slight dip was driven by the discount rate decreasing to 5.16% as of Nov....

December 9, 2022

NewsFunding, Occupational Pensions, US

25NovNovember 25, 2022

The Financialization of U.S. Public Pensions, 1945-1974

By Sean Vanatta This article examines a major transformation public employee pension investment in the United States, from investing public funds in public infrastructure in the 1940s and 1950s, to investing public funds in private securities—corporate bonds, stocks, and mortgages—in the 1960s and 1970s. Three factors drove this change. First, in the adjacent field of professional asset management, motivated financial elites orchestrated a shift in state-level trust law, from legally-sanctioned investment lists, which encouraged amateur investment and safety, to the...

November 25, 2022

Articles, Public Pensions, System CharacterizationFunding, Investment, KW: US, Pension Management

15NovNovember 15, 2022

U.S. Pension Funding Ratios Continue to Increase

Better equity performance and higher interest rates in October contribute to pensions nearing full funding. Aon’s Pension Risk Tracker in October reached its highest funded status level since its’ inception in 2011, as the aggregate pension funded status of S&P 500 companies increased to 97.2%. from 93.8% in September. Aon reports that pension asset returned 0.8% in October. The Aon report was one of several, released since the end of October, that showed improvements. The month-end 10-yr Treasury rate increased 27 basis...

November 15, 2022

NewsFunding, Occupational Pensions, US

10NovNovember 10, 2022

US. Here’s why you should be worried about state and local pensions

Public pensions may be facing a massive fiscal shortfall, according to two economics professors Right now, across America, about 26 million people are relying on state and local pension plans to take care of them in their retirement years. That figure includes 15 million retired teachers, police officers, firefighters and other public sector workers, and another 11 million who are still working. On the other side of the leger all the taxpayers— 330 million of us, give or take —who are...

November 10, 2022

NewsFunding, State Pensions, US

13OctOctober 13, 2022

US. Funding Status of Pensions Increases Marginally Despite Equity Market Downturn

Corporate pension funding ratio improves to best rate of the year in September despite 2022’s worst month of market losses Rising rates in September contributed to higher overall funded ratio for corporate pension funds. Equities continued their year-long slump with the Nasdaq trading down over 10% and S&P 500 trading down 9.6% on the month. The dynamic led to at least two pension consultants finding that U.S. corporate pension funding levels moved above 100% in September as an increase in the...

October 13, 2022

NewsFunding, Occupational Pensions, US

05OctOctober 5, 2022

Jamaica. National Insurance Fund reaches $143 billion

The National Insurance Fund (NIF), the source from which pensions and other benefits under the National Insurance Scheme (NIS) are paid, saw double-digit growth in the fiscal year ended March 2021. In a new update provided by the Ministry of Labour and Social Security (MLSS), the Jamaica Observer learnt that as at March 31, 2022, the net asset value of the fund stood at $143.424 billion, representing year-over-year growth 14.13 per cent. The NIF is funded by national insurance contributions, with...

October 5, 2022

NewsFunding, Jamaica

08SepSeptember 8, 2022

US. Corporate pension funding remains stable in August despite fall in assets

U.S. corporate pension plan funding ratios rose slightly in August, according to two new reports, while a third report estimates ratios fell during the month. Legal & General Investment Management America in its report estimated the average funding ratio of the typical U.S. corporate pension plan rose to 95.6% as of Aug. 31 from 95% a month earlier. LGIMA in its latest Pension Solutions Monitor said the funding ratio improved due to an decrease in liabilities offsetting a month of weak...

September 8, 2022

NewsFunding, Occupational Pensions, US

09AugAugust 9, 2022

June Slump Causes $262 Billion Drop in U.S. Public Pensions’ Assets

Large public pension funds had a difficult second quarter, as the 100 largest U.S. public pension plans lost a combined $262 billion in funding during June, according to actuarial and consulting firm Milliman. The deficit between the estimated assets and liabilities widened to $1.521 trillion at the end of the month from $1.259 trillion at the end of May, as the public funds’ asset value dropped to $4.318 trillion from $4.566 trillion. crisisRead also U.S. public pensions suffer worst year since...

August 9, 2022

News2022, Funding, Public Pensions, US

December 2022

UK. Pensions regulator unveils consultation on defined benefit funding

U.S. public pension funding improves in November – Milliman

U.S. corporate pension plans’ funding ratios remained over or near 100% in November

November 2022

The Financialization of U.S. Public Pensions, 1945-1974

U.S. Pension Funding Ratios Continue to Increase

US. Here’s why you should be worried about state and local pensions

October 2022

US. Funding Status of Pensions Increases Marginally Despite Equity Market Downturn

Jamaica. National Insurance Fund reaches $143 billion

September 2022

US. Corporate pension funding remains stable in August despite fall in assets

August 2022

June Slump Causes $262 Billion Drop in U.S. Public Pensions’ Assets