Fund Archives - DR News - News, Retirement, Finance

Pension Fund Takeover Concerns Ohio Teachers Retirement System

Columbus, Ohio – The State Teachers Retirement System of Ohio is currently embroiled in a controversy, as a 14-page anonymous memo recently brought to light suggests the possibility of “a hostile takeover of a public pension by private interests.” Governor Mike DeWine has taken swift action by forwarding the memo and accompanying documents to various state agencies for further investigation and appropriate action. With $90 billion under its management for 500,000 teachers and retirees, STRS …

Social Security Trust Fund Running Out of Money, Putting Benefits at Risk

Washington, D.C. – The Social Security and Medicare programs are facing financial challenges that could impact millions of Americans who rely on them for retirement income. The latest reports from the trustees of these programs highlight a growing concern over the long-term sustainability of Social Security, with more funds projected to be going out than coming in. This has raised serious questions about the ability of the programs to meet their obligations in the future. …

Social Security Fund Stability as Labor Market Holds Strong

Washington, D.C. – Amidst concerns over the future of Social Security and Medicare, recent reports have highlighted the impact of a strong labor market on the stability of these vital programs. While previous projections indicated potential financial strain on these funds, new data suggests a more positive outlook. The latest findings suggest that the robust labor market has helped stabilize the Social Security and Medicare funds, providing a sense of relief for many Americans who …

Social Security Benefits Face Looming Cut in 2035 Due to Trust Fund Shortfall, Experts Warn

Austin, Texas – A recent annual report from the Social Security trustees has revealed that without intervention from lawmakers, Americans’ Social Security benefits could face significant cuts in 2035. The report, released on Monday, pushed back the projected year of benefit slashes by one year compared to previous forecasts. It paints a concerning picture of the future of the program. The report highlights that the combined Social Security trust funds, crucial for supporting monthly payments …

Pension Fund NPS to Invest $1.1 Billion in Distressed Securities and Funds in 2024

Jeonju, South Korea – The National Pension Service (NPS) in South Korea is set to allocate a record-breaking 1.5 trillion won ($1.1 billion) for external investment management this year, marking a significant milestone for the world’s third-largest pension fund. Included in this allocation is an investment in bonds with a high default risk, a departure from its previous strategies. Recently, the NPS announced its intention to hire external managers to oversee investments totaling 1.55 trillion …

Security expert warns Social Security Trust Fund may run dry by 2033 – Take action now!

HUNTSVILLE, Ala. – Social Security is facing a looming financial crisis, with projections indicating that the trust fund may be depleted by the year 2033. Marshall Clay, a financial expert at The Welch Group, assures that Social Security funds are currently safe in the short term, but emphasizes the need for proactive measures. Clay explains that the Social Security Trust Fund consists of two main underlying funds – the Old Age and Survivors Insurance Fund …

Congress Sends Biden Bill to Fund Health Agencies, Avoiding Shutdown Until March

Washington, D.C. – As the end of the year approaches, Congress has taken action to prevent a government shutdown and provide funding for health agencies. A stopgap bill has been passed to keep the government funded until March, sending the legislation to President Biden’s desk for approval. The decision to pass the bill comes after multiple delays and concerns about a potential shutdown, which could have had widespread implications for various government agencies and departments. …

Pensions Boost Fund Proposal Set to Roll Out in Mexico Ahead of Elections

MEXICO CITY, Mexico – President Andres Manuel Lopez Obrador of Mexico revealed plans to introduce a new fund aimed at enhancing lower pensions in the system by May 1, just ahead of presidential elections. This initiative, part of a larger pension reform proposed by the president in February, received approval from the country’s lower house on Monday and now awaits Senate approval. During a press conference, Lopez Obrador expressed his hope to deliver positive news …

Pension Fund Ditches China Investments Amid Windy City Controversy

Chicago, Illinois – A pension fund in the Windy City has decided to divest its investments in emerging markets equity from China. The move comes as part of a broader strategy to reconfigure its portfolio amid evolving economic conditions and geopolitical tensions. The decision to shift away from Chinese investments reflects an increasingly cautious stance towards the country’s market dynamics and regulatory environment. The pension fund, which oversees a substantial amount of assets, aims to …

Withdrawal Liability Ruling in Favor of Employers in Central States Pension Fund Case

Chicago, Illinois – In a groundbreaking ruling, the U.S. District Court for the Northern District of Illinois made a significant decision regarding the calculation of withdrawal liability payments for employers. The court found that a pension fund cannot include post-2014 contribution rate increases, made as part of a rehabilitation plan, when determining an employer’s withdrawal liability payment amount. This ruling is a major win for employers facing inflated withdrawal liability demands. The case, Central States, …