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Pension Funds Appear Unfazed by Potential US Default
Headline: Pension Funds Appear Unfazed by Potential US Default
Publication: Chief Investment Officer
Article Date: May 17, 2023
With the date looming for when the U.S. government could default on its bonds there is scant panic among pension plans. One CIO said, “We have enough liquidity to get through this, and we think [the impasse in Washington] will be resolved quickly.” Read More…
Santa Fe Senior Village Breaks Ground in Vista
Headline: Santa Fe Senior Village Breaks Ground in Vista
Publication: County News Center
Article Date: May 15, 2023
Santa Fe Senior Village in downtown Vista will provide 54 fully furnished studio and one-bedroom apartment homes for seniors who are unhoused or at risk of being unhoused. Read More…
Trends Show Corporations Reducing Contributions to Pension Funds
Headline: Trends Show Corporations Reducing Contributions to Pension Funds
Publication: PlanSponsor
Article Date: May 12, 2023
With more pension funds nearing fully funded status, recent data indicates that many U.S. corporations are lowering their planned contributions to their pension funds. Read More…
Closing Pensions for Public Workers Has Proven A Mistake
Headline: Closing Pensions for Public Workers Has Proven a Mistake
Publication: Forbes
Article Date: April 27. 2023
States that shifted new employees from defined benefit pensions to defined contribution or cash balance plans experienced increased costs for taxpayers without significant funding improvements. Read More…
U.S. bank failures have minimal impact on public pension plans
Headline: U.S. bank failures have minimal impact on public pension plans
Publication: Benefits Canada
Article Date: March 22, 2023
David Draine, who studies public sector retirement systems at Pew, says the funding gaps are probably now about where they were before the market shockwaves during the coronavirus pandemic. Read More…