Section Page News - Pensions & Investments

Memphis to reopen pension plan to public safety employees

Rob Kozlowski — Fri, 30 Sep 2022 11:30:04 EDT

Memphis announced a plan to reopen its defined benefit plan to public safety employees hired since July 1, 2016.

USS announces higher contributions, other plan changes

Paulina Pielichata — Tue, 07 Sep 2021 13:14:10 EDT

Universities Superannuation Scheme is set to increase its contribution rates as of Oct. 1 following a six-month negotiation.

Kentucky lawmakers override veto of teachers hybrid plan

Rob Kozlowski — Tue, 30 Mar 2021 11:40:58 EDT

The Kentucky General Assembly overrode the veto of a bill that would move new participants in the teachers pension fund to a hybrid plan.

Kentucky legislators approve hybrid plan for Kentucky Teachers system

Rob Kozlowski — Wed, 17 Mar 2021 13:56:40 EDT

Kentucky legislators approved a bill that would move new participants in the Kentucky Teachers system to a hybrid plan starting in 2022.

Lawmakers vote to revamp Kentucky Teachers pension plan

Rob Kozlowski — Mon, 08 Feb 2021 16:06:06 EST

Kentucky's lower house approved a bill to move participants in the Kentucky Teachers' Retirement System to a hybrid retirement plan.

Senator floats bill to reopen TSP enrollment for military

Brian Croce — Fri, 26 Jun 2020 11:49:28 EDT

Some military service members would be able to opt-in to the federal government's Thrift Savings Plan under proposed legislation.

Austin evaluating plan design changes for 2 pension funds

Christine Williamson — Thu, 11 Jun 2020 15:56:48 EDT

Austin's City Council is evaluating the funded status of two public employee pension systems, with an eye toward legislating changes.

Atlanta Regional seeking consultant for DB, DC plans

Rob Kozlowski — Fri, 31 Jan 2020 14:40:38 EST

Atlanta Regional Commission is searching for a consultant to analyze the plan structure of its current defined benefit plan and two defined contribution plans and recommend potential changes. It also searching for a third-party administrator for those plans.

The commission has issued an RFP following a request for information process that took place in November. The commission had issued an RFI for firms to analyze the effectiveness of its current retirement plans and the potential of developing a hybrid DB/DC plan, spokesman Paul Donsky said at the time.

The new RFP is based on information received following that RFI process, and in addition to the consulting services the RFP says the commission is seeking a third-party administrator "to provide record keeping/plan administration services relating to the ARC defined benefit pension plan, and employee defined contribution plans including 457 and 403(b) plans."

Mr. Donsky would not provide further information.

The RFP is available on the commission's website. Proposals are due Feb. 28. Finalist interviews are March 12. A timetable for a selection was not provided.

New Jersey governor vetoes bill to create fiscal review commission

Robert Steyer — Wed, 22 Jan 2020 15:48:27 EST

New Jersey Gov. Phil Murphy vetoed legislation that would have created a New Jersey economic and fiscal policy review commission.

Kentucky governor who sought to revamp pension funds loses re-election

Bloomberg — Wed, 06 Nov 2019 12:12:26 EST

A Republican governor in Kentucky who faced the ire of teachers upset over proposed changes to retirement benefits lost his re-election bid.