SEC focuses on pension funds' unrealistic assumptions

Gunsauley, Craig
June 2003
Employee Benefit News;6/15/2003, Vol. 17 Issue 8, p11
Focuses on a study which revealed that almost half of corporate funds in the U.S. continue to make aggressive asset performance assumptions. Action that will be taken by the Securities and Exchange Commission concerning the assumptions; Average assumed rate of return on pension assets; Decline in assets of sponsors of top plans.


Related Articles

  • Midwest Public Plan Targets Domestic Examination. Giardina, Michael // Investment Management Mandate Pipeline;5/24/2013, p2 

    The article focuses on the failure of equity manager Waddell & Reed to meet the Public School Teachers' Pension and Retirement Fund of Chicago's (CTPF) 50% minority brokerage goal for 2012, despite exceeding their 12-month return as of February 2013. It discusses the firm's alleged oversight on...

  • Tampa First Responders Pension Fund Posts 15.2% Return. Giardina, Michael // Investment Management Mandate Pipeline;10/7/2013, p3 

    The article highlights the preliminary rate of return of Tampa Fire & Police Pension Fund for the annual period ending September 30, 2013. The retirement plan had about 1.7 billion dollars in assets as of August 31, 2013. The fund began the fiscal year on September 30, 2012 with a market value...

  • Canada Pension Plan Pumps up Retirement Assets in Q3. Giardina, Michael // Investment Management Mandate Pipeline;2/14/2014, p4 

    The article reports that the Canada Pension Plan (CPP) Fund made an 8.7 billion dollar increase in assets during the third quarter of 2013. After the end of its fiscal year in March 2013, the CPP Fund has reportedly increased its assets by 18.2 billion dollars. Mark Wisemen, president of the CPP...

  • Poor returns hurt corporate funding levels in November. KILROY, MEAGHAN // Pensions & Investments;12/14/2015, Vol. 43 Issue 25, p0042 

    The article presents information on a decline in the funded status of U.S. corporate pension plans in November 2015 as a result of a decline in returns for asset classes, according to the BNY Mellon Institutional Scorecard. It discusses a decline in liabilities of pension plans, the estimated...

  • Chicago Laborers and Municipal Funds See Mixed Results in 2013. Shields, Yvette // Bond Buyer;6/20/2014, Vol. 1 Issue F324, p1 

    The article focuses on the findings of the 2013 actuarial reports for two Chicago pension funds, according to which, municipal employees funds of Chicago, Illinois have reported deterioration in 2013 whereas city's laborers' fund showed improving trends. Topics discussed include the insolvency...

  • OMERS Announces '09 Results. Giardina, Michael // Investment Management Weekly;3/31/2010, p4 

    The article reports on the results of the 2009 Annual Report announced by the Ontario Municipal Employees Retirement System (OMERS) Administration Corp., in which it posted a positive 10.6% return, exceeding its 12.1% benchmark. It notes that OMERS posted an increase in net assets by 4.3 billion...

  • Do corporations manage earnings to meet/exceed analyst forecasts? Evidence from pension plan assumption changes. An, Heng; Lee, Yul; Zhang, Ting // Review of Accounting Studies;Jun2014, Vol. 19 Issue 2, p698 

    A significantly larger number of firms increase the expected rate of return on pension plan assets (ERR) to make their reported earnings meet/exceed analyst forecasts than would be expected by chance. In the short run, the stock market reacts positively to these firms' earnings announcements,...

  • Exploring Global Pension Trends and Asia's Challenges.  // Asian Investor;Jul2015, p32 

    The article discusses challenges faced by Asia-Pacific nations in maintaining efficiency and sustainability of their retirement systems. Topics include impact of ageing population due to low fertility rates and longer life expectancy on pension systems and government budgets; efforts of nations...

  • Ryan Labs pension fund monitor.  // Pensions & Investments;5/3/2004, Vol. 32 Issue 9, p8 

    The article presents the total 12-month returns of assets and liabilities using the annual Top 1,000 Pension Funds survey for asset mix.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics