Packaging company Sonoco’s board of directors has approved a plan to terminate the Sonoco US Pension Plan for Inactive Participants, effective Sept. 30.
The California State Teachers’ Retirement System just missed its target rate for annual investment returns, recording 6.8 percent for the fiscal year ending June 30.
The U.S. Supreme Court recently agreed to review the Eighth Circuit’s decision in Thole v. US Bank, in which the Eighth Circuit held that participants in an overfunded defined benefit pension plan lack standing to sue for fiduciary breaches under ERISA. The Supreme Court’s decision in this case—the third ERISA case accepted by the court this term—could have significant implications for plan sponsors and plan fiduciaries.
Kentucky Gov. Matt Bevin’s pension-relief proposal cleared the Republican-run state House by a slim margin Monday, surviving a crucial showdown as lawmakers continued a special legislative session convened by the GOP governor.
While all venture capital sectors suffered during the Great Recession, one notable sector was almost completely left out of the corresponding recovery: Cleantech.
Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS) is scouting for acquisition opportunities in India, in an affirmation of the country’s position as a green energy hot-spot.
Private equity leaders are pushing back sharply against a new plan from Sen. Elizabeth Warren (D-Mass.) to rewrite the basic rules of the road for firms she likened to “vampires,” the Washington Post reports.
Hedge fund billionaire Raymond Dalio is giving $100 million to the state of Connecticut to create a nonprofit corporation to help disadvantaged young people finish high school and find jobs.
However, the ratings agency doesn’t expect funded status improvements to continue, and it notes that many not-for-profit hospitals are focusing on de-risking strategies.