Dropping

CalPERS Seeks External Chief Investment Officer After Dropping Returns

Sacramento, California – As the largest US public pension fund seeks a new chief investment officer, the California Public Employees’ Retirement System is in the process of evaluating external candidates. This decision comes after a period marked by underwhelming returns and frequent changes in leadership within the organization. Among the individuals being considered to oversee CalPERS’ substantial $490 billion portfolio is Jonathan Grabel, the current Chief Investment Officer of the Los Angeles County Employees Retirement …

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IBM Retirement Plan Shifts to Pension Model, Dropping 401(k) Match

Armonk, New York – IBM is making significant changes to its retirement plan, shifting away from the 401(k) model and towards a more traditional pension-like system. The technology company recently announced that it will discontinue its 401(k) match for employees, a move that has sparked discussions within the industry and raised questions about the future of retirement benefits in the corporate world. The decision to end the 401(k) match is a departure from the prevalent …

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