Archive August 2023
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2023: The Year of the Pension Hedging Revolution
By: Shauna Hewitt, LGIM America
With ever-present uncertainty around interest rates, inflation, recession, geopolitics and more, we believe many plan sponsors move to preserve their funded status gains and narrow the range of future outcomes through hedging strategies.
Modernized Pension Administration: Five Critical Automation Advantages for Public Sector Entities
By: Todd Flessner, CBIZ
While the administration of public pension plans has evolved through the years, many public sector entities aren’t fully optimizing the advantages of automation, with some still relying on manual processes and spreadsheets. When evaluating the capabilities of a modernized Pension Administration System (PAS), here are five critical automation advantages to consider.
By: Andy Hunt, CFA, FIA and Jonathan Hobbs, CFA, FSA, Allspring Global Investments
The latest revision to Actuarial Standard of Practice (ASOP) No. 4 is upon us. Andy Hunt and Jonathan Hobbs, from Allspring Global Investments’ Pension Solutions team, review the implications for how public pension plans need to think about and invest their fixed income portfolios.
New Resource Available from NCPERS to Help Public Pensions Manage Securities Litigation Exposures
On July 26, NCPERS hosted a webinar to share insights about a new pilot program, NCPERS Securities Fraud Recovery Services, and discuss some of the challenges public pensions face in managing their securities litigation exposures.
Pension Industry Careers: Job Listings, Hiring, and Retirement Announcements
How do Public Pension Plans Measure up to Social Security on Inflation Protection?
By: Daniel J. Siblik, ASA, MAAA, FCA, EA, Segal
This article analyzes how well public pension plans keep up with inflation by comparing the cost-of-living adjustments (COLAs) they offer in comparison to those offered by Social Security in both periods of low inflation and high inflation. The analysis includes a comparison of Social Security participation of private plans compared to public plans and how that differs by state as well as how it affects benefit levels over time.
Politics and Pension Governance: What’s Happening in North Dakota?
When it comes to public pensions, fiduciary responsibilities should always be the primary goal, not politics.
How to Address the Looming Retirement Security Crisis
As Gen Xers begin to enter their retirement years, we are starting to see the consequences of the late 20th century shift from defined benefit (DB) pensions to 401k-style retirement plans.
Today’s Public Pensions Cannot Be Considered Government Agencies
By: Brad Kelly & Peter Landers, Global Governance Advisors LLC
To remain sustainable and address existing funding gaps, today’s pension systems need to become competitive asset management organizations and no longer operate as government agencies.
Roth Method Catch Up ContributionsThe SECURE Act 2.0 Act requires individuals who made more than $145,000 in the previous calendar year to use the Roth method for all catch up contributions to 401(a) qualified plans, 457(b) governmental plans, and 403(b) plans. The provision is effective for years beginning after December 31, 2023.