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• At Deadline; More private equity leeway.(Late News)(CalPERS will consider giving senior staff authority to make commitments up to $400 million per deal to new private equity vehicles)(U.S. auto industry bankruptcies could shift $65 billion in pension asse

  - 2006-04-17

  CalPERS will consider giving senior staff authority to make commitments up to $400 million per deal to new private equity vehicles, while the CIO would have discretion to commit up to $600 million, under a proposal that will be considered by the $207 CalPERS will consider...

  Tags: bankruptcy, bond, CalPERS, equity, merger, pension, Pension Benefit Guaranty Corp., private equity

• Senate panel passes pension funding reform bill; Cash balance aspect raises concerns.(News)(United States. Congress. Senate)

  - 2005-09-12

  Byline: JERRY GEISEL WASHINGTON-Legislation to stiffen pension funding rules soon will be headed to the Senate floor. Last week, the Senate Health, Education, Labor and Pensions Committee, on an 18-2 vote, approved a measure that would speed up Byline: JERRY...

  Tags: bond, Pension Benefit Guaranty Corp., pension plan, U.S. Congress, U.S. Senate

• The Looming Retirement Disaster; The three-legged stool is broken. Social Security is a political nightmare, pension funds are disappearing, and private savings ... what private savings? We take a look at how we got into this mess, and how we can fix it.

  - 2005-04-18

  Byline: Gregory Crawford and Vineeta Anand Memo to President Bush and Congress: It's a retirement crisis, not merely a Social Security crisis. All three legs of the stool on which America's workers are expected to rely for retirement - Social Se ...

  Tags: asset, benefit, benefit plan, bond, Bush, company, defined contribution plan, Pension Benefit Guaranty Corp., pension fund, pension plan, Social Security, stock, tax, worker

• Employers critical of Bush pension plan

  - 2005-04-15

  Employer groups applaud the Bush administration for tackling the woes of the defined benefit system, but they are worried how changes will impact plan sponsors. The American Benefits Council, American Council of Life Insurers, Business Roundtable, ERISA Industry Committee, National Association of Manufacturers and U.S. Chamber of Commerce all...

  Tags: administration, American Benefits Council, Benefits, bond, Pension Benefit Guaranty Corp., Strategy, U.S. Congress

• Reforms seek to shore up PBGC; Proposals include premium hikes, restrictions on bankrupt employers.(Pension Benefit Guaranty Corp.)

  - 2005-01-17

  Byline: JERRY GEISEL WASHINGTON-Employers would pay higher federal insurance premiums but be allowed to contribute to their pension plans after their plans were fully funded, the Bush administration proposed last week. The pension reform package Byline: JERRY GEISEL ...

  Tags: benefit, bond, pension, Pension Benefit Guaranty Corp., pension plan

• At Deadline; Ala. settles over WorldCom.(Retirement Systems of Alabama)

  - 2004-10-04

  The $22 billion Retirement Systems of Alabama will receive $111 million in a settlement with WorldCom's three investment banks and an accounting firm. JPMorgan Securities, Citigroup Global Markets, Banc of America Securities and the former Arthur And The $22 billion Retirement Systems of Alabama will receive...

  Tags: asset, benefit, bond, equity, IBM Corp., investment, J.P. Morgan Chase & Co., Pension Benefit Guaranty Corp., settlement, WorldCom Inc.

• St. Louis Post-Dispatch David Nicklaus Column.

  - 2004-04-07

  By David Nicklaus, St. Louis Post-Dispatch Knight Ridder/Tribune Business News Apr. 7--CONGRESS WOULD PUT PENSION FIX ON TAXPAYERS' BACKS: The numbers just don't add up on the pension promises made by corporate America. During the bull market of the 1990s,...

  Tags: Benefits, bond, FINANCE, Investment, Pension Benefit Guaranty Corp., U.S. Congress

• Change in rules? High alert for pension system; Verizon executive cites 7 potential legislative and regulatory 'missiles' that bode changes in how U.S. plans are managed.(News)

  - 2003-10-13

  Byline: Joel Chernoff STAMFORD, Conn. - Seven regulatory and legislative "missiles'' are aimed at the heart of the U.S. corporate defined benefit system, warned Britt Harris, president of Verizon Investment Management Corp., Stamford. Indi Byline: Joel Chernoff ...

  Tags: asset, benefit, bond, missile, Pension Benefit Guaranty Corp., pension fund, Verizon Communications Inc.

• No help: Benchmark proposal earns harsh criticism; Bush administration not addressing flaws of pension system, critics say.(News)

  - 2003-07-21

  Byline: Vineeta Anand WASHINGTON - Some academics, financial economists and actuaries are slamming the Bush administration's proposal to replace the 30-year Treasury with an index of high-grade corporate bonds as the benchmark for calculating pens Byline: Vineeta Anand WASHINGTON -...

  Tags: bond, Bush Administration, pension, Pension Benefit Guaranty Corp., pension fund, pension plan, stock

• The San Diego Union-Tribune Don Bauder Column.

  - 2002-03-19

  By Don Bauder, The San Diego Union-Tribune Knight Ridder/Tribune Business News Mar. 19--EMPLOYERS GET BREAK ON PENSION RULE: This month's economic stimulus package gave a break to employers funding defined benefit plans, but unless the economy goes south unexpectedly and decisively,...

  Tags: Benefits, bond, FINANCE, Internal Revenue Service, Pension Benefit Guaranty Corp.