Pension fund

SHAKOPEE TEAMSTERS RATIFY CONTRACT, AVERT STRIKE

Retrieved on: 
Thursday, March 14, 2024
Superstore (season 3), International Brotherhood of Teamsters, Municipal council, City, Local, Shakopee, Minnesota, Public sector, Public works, Pension fund

SHAKOPEE, Minn., March 14, 2024 /PRNewswire/ -- Teamsters Local 320 members at the City of Shakopee's Department of Public Works have voted to ratify a new collective bargaining agreement. The three-year agreement is retroactive to January 1, 2024, and includes a general wage increase of 14.5 percent over the life of the contract, Juneteenth as a paid holiday, and the ability to move into Teamsters Joint Council 32's Health Fund.

Key Points: 
  • SHAKOPEE, Minn., March 14, 2024 /PRNewswire/ -- Teamsters Local 320 members at the City of Shakopee's Department of Public Works have voted to ratify a new collective bargaining agreement.
  • "I am proud of the Shakopee Teamsters for putting it all on the line for a better tomorrow."
  • Shakopee Teamsters voted unanimously to strike in December 2023 if an agreement was not reached by the expiration of their contract.
  • After weeks of state-mandated mediation, Local 320 reached a tentative agreement, which the City Council then voted down, prompting Shakopee Teamsters to file their second intent to strike notice.

OPTRUST FULLY FUNDED FOR 15TH CONSECUTIVE YEAR

Retrieved on: 
Tuesday, March 12, 2024
MDI, Retirement, Risk, Pension, Climate change, Plan, OPTrust, Pension fund

In 2023, OPTrust remained fully funded for the 15th consecutive year and achieved a net investment return of 5.3 per cent.

Key Points: 
  • In 2023, OPTrust remained fully funded for the 15th consecutive year and achieved a net investment return of 5.3 per cent.
  • "At OPTrust, we have a clear purpose – to deliver peace of mind in retirement to our members," said Peter Lindley, President and CEO of OPTrust.
  • "For the 15th consecutive year, OPTrust is fully funded, and the people we serve can continue to rely on a secure, sustainable pension."
  • In 2023, OPTrust welcomed five additional nonprofit organizations and nearly 1,000 new members to reach a total membership of over 4,200 in OPTrust Select.

Wichita Revolutionizes Pension Management with Move to Vitech's V3locity, Unleashing a New Era of Efficiency and Innovation

Retrieved on: 
Tuesday, March 12, 2024
WERS, AWS, City, Police, Pension fund

The two funds cover all 3,500 full time employees of the City of Wichita.

Key Points: 
  • The two funds cover all 3,500 full time employees of the City of Wichita.
  • "For 20 years we have served Wichita Retirement Systems and we are proud to expand that relationship to support their future with our state of the art pension administration platform," said Vitech CEO, David Burns.
  • Wichita Retirement Systems' adoption of V3locity will provide cloud-native administration that enhances security and resiliency.
  • Vitech's cutting edge technology brings digital transformation to the customer experience for participants, including the system's first self-service capabilities.

United Food and Commercial Workers Canada releases 2023 Annual Report

Retrieved on: 
Monday, March 4, 2024
Growth, Agriculture, Private sector, Federation, Annual report, Employment, Pension fund

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- The United Food and Commercial Workers union (UFCW Canada) has released its 2023 Annual Report.

Key Points: 
  • TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- The United Food and Commercial Workers union (UFCW Canada) has released its 2023 Annual Report.
  • UFCW Canada is the country’s leading and most progressive private sector union, with more than 250,000 members coast-to-coast, in the food retail and processing, agriculture, health care, security, and hospitality industries.
  • In 2023, UFCW Canada added 2,500 new members, including those in previously unrepresented sectors of the economy.
  • UFCW Canada was instrumental in expanding the Agri-Food Pilot with the federal government, which allows for migrant workers to achieve permanent residency in Canada.

INMD INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that InMode Ltd. Investors with Substantial Losses Have Opportunity to Lead Case

Retrieved on: 
Wednesday, February 28, 2024
Complaint, SAN, FDA, News, Food, Food and Drug Administration, Pension fund, Tobacco

), the InMode class action lawsuit charges InMode as well as certain of InMode’s top executives with violations of the Securities Exchange Act of 1934.

Key Points: 
  • ), the InMode class action lawsuit charges InMode as well as certain of InMode’s top executives with violations of the Securities Exchange Act of 1934.
  • Lead plaintiff motions for the InMode class action lawsuit must be filed with the court no later than April 15, 2024.
  • A lead plaintiff acts on behalf of all other class members in directing the InMode class action lawsuit.
  • An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the InMode class action lawsuit.

United Food and Commercial Workers Canada Elects New National President

Retrieved on: 
Tuesday, February 27, 2024
Haggerty, Retirement, Human, Private sector, UFCW, Labour, Social justice, Pension fund

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) --  United Food and Commercial Workers (UFCW) Canada has elected a new national president.

Key Points: 
  • TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) --  United Food and Commercial Workers (UFCW) Canada has elected a new national president.
  • Shawn Haggerty, a well-known long-time labour activist, has been elected the national president of Canada’s leading and most progressive private sector union, with more than 250,000 members across Canada.
  • In addition, Haggerty has been elected executive vice president of UFCW International, as part of the senior leadership team of a union of 1.3 million members in the U.S. and Canada.
  • He became a UFCW Canada national council vice president in 2007, and in 2019, he was elected UFCW International vice president.

Global pension assets rebound past USD 55 Trillion

Retrieved on: 
Monday, February 26, 2024
USD, AI, WTW, Intelligence, Investment, Pension, Growth, Calendar, Thought, Government, Climate change, DB, Partnership, Pension fund

NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Global pensions assets returned to growth in 2023, rising in aggregate by 11% to reach USD 55.7 trillion*, according to WTW’s (NASDAQ: WTW) Thinking Ahead Institute from their latest Global Pension Assets Study .

Key Points: 
  • NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Global pensions assets returned to growth in 2023, rising in aggregate by 11% to reach USD 55.7 trillion*, according to WTW’s (NASDAQ: WTW) Thinking Ahead Institute from their latest Global Pension Assets Study .
  • On a related note, actual investment allocations among global pension funds have shifted considerably over the twenty-year history of the study.
  • Meanwhile, allocation to bonds among global pension funds remains stable at an average of 36% – the same in 2023 as in 2003.
  • TAI conducted a deeper analysis of this top ‘P7’, now comprising assets of USD 50.8 trillion as of 2023.

INMD INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that InMode Ltd. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Retrieved on: 
Tuesday, February 20, 2024
Complaint, SAN, FDA, News, Food, Food and Drug Administration, Pension fund, Tobacco

), the InMode class action lawsuit charges InMode and certain of InMode’s top executives with violations of the Securities Exchange Act of 1934.

Key Points: 
  • ), the InMode class action lawsuit charges InMode and certain of InMode’s top executives with violations of the Securities Exchange Act of 1934.
  • A lead plaintiff acts on behalf of all other class members in directing the InMode class action lawsuit.
  • The lead plaintiff can select a law firm of its choice to litigate the InMode class action lawsuit.
  • An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the InMode class action lawsuit.

Cabka Supervisory Board appoints Niek Hoek as Chairman

Retrieved on: 
Monday, February 19, 2024
Rotation, RTP, Euronext Amsterdam, Supervisory board, Pension fund

Cabka N.V. (together with its subsidiaries “Cabka”, or the “Company”), a company specialized in transforming hard to recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, announced the appointment of Niek Hoek as chairman of its Supervisory Board as of today.

Key Points: 
  • Cabka N.V. (together with its subsidiaries “Cabka”, or the “Company”), a company specialized in transforming hard to recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, announced the appointment of Niek Hoek as chairman of its Supervisory Board as of today.
  • The Supervisory Board of Cabka appointed Mr. Niek Hoek as chairman of the Supervisory Board.
  • Niek Hoek is a former Executive Director of Dutch Star Companies and was appointed as member of the Supervisory Board on behalf of Dutch Star Companies shareholders in 2022.
  • Mr. Manuel Beja will continue as vice chairperson of the Supervisory Board.

Milliman analysis: Corporate pension funded status continues to climb, hits 104.9% at end of February

Retrieved on: 
Friday, March 8, 2024
Professional Services, Data Analytics, Insurance, Human Resources, Finance, Consulting, Accounting, Milliman, PFI, Pension fund

Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Key Points: 
  • Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
  • During February, the Milliman 100 PFI funded ratio rose from 102.8% at the end of January to 104.9% as of February 29.
  • A second straight month of rising discount rates—which increased in February by 21 basis points, to 5.35%—drove the improvement and reduced plan liabilities by $30 billion.
  • To receive regular updates of Milliman’s pension funding analysis, contact us at [email protected] .