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Is Retirement History?
Joseph F. Coughlin, director of the Massachusetts Institute of Technology AgeLab, wrote a comment on the Big Think blog, Is Retirement History? (h/t, Suzanne Bishopric):Associated Press reports that...
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CalPERS Moving to All-Passive Investments?
Kevin Roose of the NYT reports, Are Pension Funds Getting Smart About Passive Investments?:Pensions & Investments ran a story yesterday about how the California Public Employees' Retirement System...
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Golden Age For Pension Lawyers?
Jim Middlemiss of Canadian Lawyer Magazine reports, Bracing for the pension time bomb:Fred Headon and the in-house labour law team at Air Canada have learned more about pension law in the last 18...
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Does Blame Predict Performance?
Jason Hsu of Research Affiliates wrote an interesting research comment, Does Blame Predict Performance?:As an econometrician and a fund-of-funds portfolio manager, I spend much time researching...
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America's $124 Billion Secret Welfare Program?
Jordan Weissmann of the Atlantic reports, Disability Insurance: America's $124 Billion Secret Welfare Program (h/t, Suzanne Bishopric):Imagine for a moment that Congress woke up one morning, realized...
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One Picasso Too Many?
Charles Wilbanks of CBS Money Watch reports, For hedge fund baron Cohen, one Picasso too many?:For most people, even those with bags of money, having to hand over $616 million to the government would...
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Stockton Ruling Saves Cities and Pensions?
Jim Christie of Reuters reports, Stockton ruling seen key to U.S. cities' bankruptcy options:A federal judge on Monday is expected to rule on whether the city of Stockton, California is eligible for...
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Ontario Teachers' Returns 13% in 2012
Barbara Shecter of the Financial Post reports, Teachers’ pension returns 13% in 2012, but continues to battle demographics:The Ontario Teachers’ Pension Plan delivered a 13% rate of return for the year...
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Pensions' Man in the Mirror?
Bill Gross, PIMCO's founder, managing director and co-CIO, wrote a thought provoking comment in his monthly Investment Outlook, A Man in the Mirror:I’m starting with the man in the mirrorI’m asking him...
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The Secret Pension Money Grab?
Edward "Ted" Siedle of Fortune reports, Rhode Island Public Pension 'Reform' Looks More Like Wall Street Feeding Frenzy:According to Institutional Investor, Rhode Island Treasurer, Gina Raimondo is at...
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Corporate America's Pension Time Bomb?
David Randall of Reuters reports, Pension underfunding grows despite U.S. market rally:The gap between what major corporations will owe retired workers and how much they have put aside grew last year...
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Public Pensions Risks Vary Widely?
Caryn Trokie of Reuters reports, Public pensions risks vary widely for local government:Fitch Ratings said on Monday that local government pension liabilities vary largely for the more than 1,000 local...
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U.S. Pension Lifeboat Sinking?
Sarah Krouse of Financial News reports, US pension lifeboat in need of ‘comprehensive’ reform:The fund that deals with insolvencies of US “multiemployer” pension plans could be exhausted within just...
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The Pension Rate-of-Return Fantasy?
Andy Kessler, a former hedge-fund manager and author of "Eat People," wrote an op-ed for the WSJ, The Pension Rate-of-Return Fantasy:It has been said that an actuary is someone who really wanted to be...
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Luxury Pensions to Marx's Revenge?
Frank Dohmen and Dietmar Hawranek of Der Spiegel report, Luxury Pensioners: German Execs Scrutinized over Fat Retirement Plans (h/t, Suzanne Bishopric):Despite public outcry, German executive pay...
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Facade of Strength?
Chuck Mikolajczak of Reuters reports, Wall Street Week Ahead: A year of returns, all before mid-April:The S&P 500 stock index's stunning run since the start of the year has made many bullish...
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The Great Pension Derisking?
Russ Banham of CFO magazine reports, The Great Pension Derisking:Thrice burned, twice shy. After experiencing steep funding shortfalls in their defined-benefit retirement plan obligations three times...
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China's State Funds Set to Grow?
Jane Cai of the South China Morning Post reports, China's pension fund seeks to grow asset base:China's state pension fund has renewed its calls for an expansion of its assets under management to meet...
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IMF Warns of Pension Fund Risk?
Ian Talley of the WSJ reports, IMF Sees Risk in U.S. Pension-Fund Strategies:U.S. public pension funds and life-insurance companies are building up potentially dangerous levels of risky investments...
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Should Quebec Adopt a Longevity Plan?
Rhéal Séguin of the Globe and Mail reports, Panel proposes pension plan for elderly retirees in Quebec:A new universal supplemental pension plan is one of the key proposals by a blue-ribbon panel to...
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