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Texas State Employees' Pension Fund Falls Short.
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Austin American-Statesman (Austin, Texas) (viaKnight-Ridder/Tribune Business News)
- Article date:
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December 11, 2003
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Copyright informationCOPYRIGHT 2003 Austin American-Statesman. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Robert Elder Jr.
Dec. 11--Retired state employees won't see increases in benefits for the foreseeable future, the result of lagging stock market returns, bare-minimum payments by the state and a surge in the number of retirees.
Investment return by Employees Retirement System of Texas' $17.5 billion pension fund has also trailed the average large public fund and the system's own target.
As a result, the employees' system has slipped into a funding shortfall -- a slight one -- for the first time since 1991, the system's actuarial consultant told the agency's board of trustees Wednesday.
As of Aug. 31, the end of the state's fiscal year, the employees' ...
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PENSION FUND NEAR TO FIRING FIDELITY RETURN ON ACCOUNT WEAK, STATE REPORT...
The Boston Globe;
February 4, 2004 ;
Beth Healy, Globe Staff;
769 words
...The state pension fund is close to firing Fidelity Investments...critical condition at this point," pension fund official Stan Mavromates told the...centric" than most other firms the pension fund employs. "They've tried to go in...
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Massachusetts Pension Fund Close to Firing Fidelity as Portfolio Manager.
Knight Ridder/Tribune Business News;
February 4, 2004 ;
787 words
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Pension fund asking Rhode Island to cover its loss.
Providence Journal (Providence, RI);
November 29, 2006 ;
787 words
......building this year, the Rhode Island pension fund has turned to the state's Economic Development...station for $20 million. However, the pension fund held a $21.5-million mortgage on the...Express building -- ended up costing the pension fund about $2.39 million. On Monday, the...
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Sound Management of the Government Pension Fund.
M2 Presswire;
October 5, 2007 ;
787 words
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Pension fund of church has fallen too low, says member
The Boston Globe;
March 2, 1992 ;
James L. Franklin, Globe Staff;
787 words
......television operations has brought the pension fund of the Christian Science Church well...church's finances. The borrowing from the pension fund is part of a pattern of transfers from...also said that any suggestion that the pension fund does not have enough money to cover...
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Rhode Island pension fund acquires vacant Providence building.
Providence Journal (Providence, RI);
September 28, 2005 ;
787 words
......Sep. 28--BOSTON -- The Rhode Island pension fund yesterday began weighing options for...the General Assembly's leaders. The pension fund will take ownership of the property...U.S. Bankruptcy Court in Boston. The pension fund, though, does not want the building...
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Extensive public records search leads to pension fund fraud stories
Investigative Reporters and Editors, Inc. The IRE Journal;
September 1, 2001 ;
Meyers, Jack;
787 words
......detailing the public transit employees' pension fund giving $7 million in loans to a notorious...executive director and the chairman of the pension fund at the time the loans were made. When...Massachusetts Bay Transportation Authority pension fund officials had bankrolled a ...
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R.I. pension fund to sell vacant downtown building.
Providence Journal (Providence, RI);
May 19, 2005 ;
787 words
......Boston, Gateway and the Rhode Island pension fund yesterday agreed on a plan to sell the...as the American Express building. The pension fund holds the mortgage on the office building...million. Instead of foreclosing, the pension fund will market the building for sale and...
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Pension fund to get huge assets boost
China Daily;
October 26, 2006 ;
Han Xiao;
456 words
......State-owned enterprises (SOEs) to the national pension fund, part of an effort to boost the fund...proportion of shares to go to the national pension fund has not been decided yet," added Su...controlling stake in these firms if the pension fund sold the shares at a later date. ...
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TREASURER MULLS IDEA OF OPENING UP STATE PENSION FUND JOSEPH KENNEDY...
The Boston Globe;
April 8, 2005 ;
Raphael Lewis, GLOBE STAFF;
623 words
......state's $36 billion public employee pension fund to investments by all residents of Massachusetts...simultaneously boost the size of the pension fund, giving the state more buying clout...it. And the diversification [of the pension fund] protects them. Regular people can't...
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Westmoreland County pension fund down $17 million
Tribune-Review/Pittsburgh Tribune-Review;
April 25, 2008 ;
Rich Cholodofsky;
264 words
...Westmoreland County's pension fund for retired employees lost more than $17...right now," Ceraso said. Last year, the pension fund made an 8.2 percent profit. The last year the pension fund ended the year in the red was 2002, when...
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News: Dutch pension fund AVH fails performance test.(Brief Article)
Financial Times Mandate;
April 7, 2003 ;
306 words
...A Dutch state pension fund has denied it will haemorrhage contributors...Agricultural and Food Supply (AVH) industry pension fund scored lower than a -1.28 test threshold...by the Tyre and Wheels industry pension fund which scored -1.93. The z-score...
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Pension fund reforms more bark than bite
Jerusalem Post;
August 13, 2002 ;
MATI WAGNER;
397 words
...00-00-0000 Headline: Pension fund reforms more bark than bite Byline...2002 -- The Treasury announced two pension fund reforms yesterday that aim to increase...too late. The first change allows pension fund members to switch to competing...
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Pension Fund Chiefs Accused of Violations; 3 Prosecutors Say RF&P Takeover...
The Washington Post;
September 24, 1994 ;
Peter Baker;
787 words
......of the multibillion-dollar Virginia pension fund violated state and federal laws as part...P shareholders who sold stock to the pension fund for less than it would have been worth...document said. All three have left the pension fund, and neither they nor their attorneys...
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STATE PENSION FUND GROWS $1.6 BILLION IN FISCAL YEAR; OVERALL INVESTMENT...
US Fed News Service, Including US State News;
September 6, 2006 ;
787 words
......L. Nappier said today that the state pension fund, the Connecticut Retirement Plans and...third consecutive year, helping the pension fund grow by a net $1.6 billion to $22.9...the fund. During the three years, the pension fund paid out $2.5 billion in pension benefits...
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