Blog
Archive July 2024
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Worthwhile Canadian Initiative?
Here's what to know about the Canadian federal government's new goal of encouraging pension funds to invest domestically.
Defined Benefit Plan Court Rulings: NYC Pension Fossil Fuel Divestment Case Dismissed
Primarily relying on the U.S. Supreme Court's 2020 opinion in Thole v. U.S. Bank, the New York State Supreme Court recently dismissed Wong v. New York City Employees’ Retirement System. The opinion held that the Wong plaintiffs were not at risk of current or future monetary loss due to alleged mismanagement because they are similarly entitled to a fixed monthly defined benefit distribution, thereby providing a valuable example of how Thole may find practical application to public pension plans in state courts.
Safeguarding Your Financial Security: NCPERS Identity and Fraud Insurance Affinity Program
The 2023 Internet Crime Report by the Federal Bureau of Investigations reported a record number of complaints from the public: 880,418 complaints with potential losses exceeding $12.5 billion. Identity theft and fraud insurance is not yet widely offered by employers, which is why NCPERS offers Identity and Fraud Protection through MetLife.
Which Pension Reform Initiatives Have (And Haven’t) Worked?
While funding levels are generally trending up, it’s still crucial for plan staff and trustees to stay informed about funding solutions (and threats) to ensure the long-term health of their funds. Understanding the landscape can help us better protect our funds from damaging rhetoric and reform initiatives that are bad for plans, participants, and the public.
Recognizing the July 2024 Class of NCPERS Accredited Fiduciaries
NCPERS would like to recognize the 13 public pension trustees and staff who most recently earned their Accredited Fiduciary designation, demonstrating their commitment to and knowledge of plan governance best practices.
Safeguarding Your Financial Security: NCPERS Life Insurance Affinity Program
According to the most recent annual Insurance Barometer Study, more than 52% of Americans have some form of life insurance protection.
Court Rules LACERA Can Oversee Its Own Personnel Decisions to Fulfill Fiduciary Duties
The decision from the California 2nd District Court of Appeals may be useful to other systems in supporting their independent fiduciary authority and responsibility over personnel as a key element of system administration.
Improving Members’ Well-Being: The Benefits from Time Management Training
By: Thomas Anichini, CFA, CFP, GuidedChoice/3NickelsThe topic of people’s psychological well-being has emerged as a common concern. An important aspect of people’s well-being depends on their financial wellness. Financial concerns rank among the top causes of anxiety, insomnia, and marital strife. Surely paying them more would help? Not so fast! In our consumption-happy world, many people, upon receiving more income, merely spend more: if the size of their paycheck increased, they would just spend more and their pattern of living paycheck to paycheck would remain.
Focusing on Companies with Good Labor Practices is a Sound Investment Strategy
By: Marina Severinovsky, SchrodersTo further our understanding of the value of sustainable human capital management, Schroders has conducted detailed research into human capital management in collaboration with CalPERS and the Oxford Rethinking Performance Initiative at Said Business School, University of Oxford. Our research verifies that firms with good human capital management practices perform better financially.