US Archives - Page 37 of 175 - Pension Policy International

15DecDecember 15, 2023

Anticipated U.S. Population Decline and the Risks Ahead

U.S. Census Bureau projections from November reveal a startling prospect: The United States population will most likely begin to decline by 2080, spelling out substantial risks for economic and social stability in the coming decades. Population growth is critical for maintaining a strong economy and preserving social safety net programs, yet in many parts of the U.S., the rising cost of living along with stagnating wages are causing more and more young people to rethink their goals of starting a family....

December 15, 2023

NewsAging, Labor Market, US

15DecDecember 15, 2023

UK. New report finds greening pensions reduces carbon footprint more than stopping flying

Scottish Widows’ latest Green Pensions Report has found that while most Brits are well aware of how to reduce their carbon footprint through changing their behaviours, two thirds (67%) don’t know how to switch to a ‘green pension’. If this information gap were to be addressed by the government, industry and employers, UK consumers could collectively save up to 386 million tonnes of carbon emissions annually through their pensions[1] – the equivalent of 11 return flights from London to New...

December 15, 2023

NewsClimate crisis, ESG, Investment, US

14DecDecember 14, 2023

US. First LAX Strikes in 20 Years Pose Potential Fiduciary Risk for Public Pension Funds

Last week, hundreds of workers employed by PAI Partners-owned concessionaire, Areas USA, walked out on strike at Los Angeles International Airport, following workers’ first strike on November 21. PAI Partners is a private equity investment firm based in Paris, France. Workers’ decision to strike during the busy holiday season came after Areas has failed to agree to wage increases workers need to afford the soaring cost of housing in the Los Angeles area. "My coworkers and I are on strike because...

December 14, 2023

NewsPublic Pensions, Risk, US

13DecDecember 13, 2023

US. Study finds healthier funding status for DB plans raising interest in LDI strategy reviews

U.S.-based defined benefit pension plan sponsors are increasingly looking to assess their liability-driven investment strategies as they reach fully funded statuses, according to a new study by Coalition Greenwich and commissioned by Franklin Templeton. The study found nearly three-quarters (73 per cent) of pension plan sponsors reported funding ratios of 100 per cent or higher, while the rest had funding ratios above 110 per cent. Roughly half of respondents said they’re concerned about “substantial overlap in holdings” among their LDI...

December 13, 2023

NewsDefined Benefit, Funding, US

12DecDecember 12, 2023

U.S. pension funds heavily invested in China despite crackdown

U.S. proposals to clamp down on investments in China may be being undermined by continued funding from some of America's biggest institutional investors, new analysis shows. The majority of U.S. public pensions, as well certain universities and non-profit organizations, have committed funds to China and Hong Kong, including in sensitive technologies — some as recently as this year, according to a report by Future Union, a non-partisan trade organization. The 74 largest contributors have allocated more than $70 billion to companies...

December 12, 2023

News, UncategorizedChina, Investment, Pension Management, US

11DecDecember 11, 2023

US is not prepared to house a growing number of older Americans

As skyrocketing housing prices persist across the country, the resulting homelessness crisis is growing, and more Americans are in need of assistance. However, some industry experts have noted an uptick in the average age of unhoused populations. “It's very tough. Very tough. Not knowing where you're going to go at night is very tough. I can't even get stable work because you have to have a stable place,” said Latia Griffin, who is experiencing homelessness in Ohio. A recent report from Harvard University's...

December 11, 2023

NewsAging, US

07DecDecember 7, 2023

Could the retirement pension be making a comeback?

Why news from IBM and talk of 'lifetime income' may lead to alternatives to traditional 401(k)s Remember the "three-legged stool?" That phrase was used for decades to describe Americans' chief sources of retirement income: Social Security, private pensions and personal savings. But in the 1990s and early 2000s, employers started freezing or eliminating defined-benefit pensions they funded and replacing them with 401(k) retirement plans requiring employee contributions. As a result, the stool got wobbly. Today, just 15% of private employers offer...

December 7, 2023

NewsDefined Benefit, Pension design, US

06DecDecember 6, 2023

U.S. corporate funding ratios rise in November – 3 reports

U.S. corporate pension funds saw funding ratios rise slightly in November, thanks to very strong market returns offsetting a significant rise in liability values, three new reports say. Wilshire Advisors estimated the aggregate funding ratio of U.S. corporate plans reached 105.4% as of Nov. 30, up from 105.1% a month earlier. The change was driven by a 7.8 percentage-point increase in asset values offsetting a 7.4 percentage-point increase in liability values. The two increases rounded to a funding hike of 0.3...

December 6, 2023

NewsFunding, Occupational Pensions, US

05DecDecember 5, 2023

US. Santos-inspired bill would ban pensions for expelled lawmakers

A House Republican on Monday introduced legislation barring lawmakers who are expelled from Congress from receiving congressional pensions. Why it matters: It's a direct response to the House's expulsion last week of then-Rep. George Santos, who was accused of plundering his congressional campaign coffers to personally enrich himself. Driving the news: Rep. Zach Nunn (R-Iowa) announced the Congressional Pension Accountability Act at a press conference on Monday morning. Nunn was among the more than 100 Republicans who voted to expel Santos following the release of...

December 5, 2023

NewsRegulation, State Pensions, US

04DecDecember 4, 2023

The Largest U.S. Pension Fund Just Rolled Out A Climate Transition Plan Focused On Risk And Opportunity

There are times when an established company, an investor, a startup makes a move that is so strategic—so in tune with the risks and the opportunities of the moment—that it marks the shift between the market’s past and its future. We recently witnessed that moment. In a bold step tailored to meet the existential challenges and colossal financial risks of a warming climate and harness the massive opportunities of the shift to a new clean economy, California Public Employees' Retirement System...

December 4, 2023

NewsClimate crisis, Investment, US

December 2023