Employee benefits

Compliance input and advisory group submissions are due by Dec. 13th

Having earnestly settled with every major constituency, it is time for the Board to do the right thing by abandoning unnecessary pension cuts and freezes.

Municipal issuers with the biggest threats from physical climate risk also have the largest liabilities for carbon transition.

Other post-employment liabilities are more material problems for one in ten state and local governments, according to Moody's Investors Service.

Moody's says that the pension system will likely run out of money in fiscal year 2024.

Moody's Investors Service notes that the new two-tier pension system will not immediately decrease Kentucky's high unfunded pension liabilities.

The funding would come on top on multi-billion measures proposed by lawmakers — and a $100 billion in spending included in President Joe Biden’s infrastructure plan.

Tax-exempt bonds issued for a private hospital system in Honolulu fell further into junk territory with S&P Global Ratings downgrading the bonds to CCC from B-minus.

S&P says Trinity's efforts to shed the fiscally struggling Mercy poses benefits and risks but the hospital is a small piece of the national not-for-profit's overall portfolio.

California teachers cited the risk of exposure to COVID-19 and the challenges of remote teaching as reasons for retiring early.

A handful of government representatives will give advice on 529 plans in the MSRB's Municipal Fund Securities Advisory group.

Federal CARES Act grants and loans, and bond market access, have helped mitigate the financial damage to hospitals caused by the pandemic.

Paul Herman and Adam Mason of HIP Investor examine environmental, social and governance risks, ratings disconnects, transparency needs and HIP's deep dive into hospital systems. Paul Burton hosts. Recorded Dec. 14. (25 minutes).

The program has drawn comparisons to the Securities and Exchange Commission's MCDC.

Philip Howard, chairman of nonprofit Common Good, calls on the incoming Biden administration to improve public agencies, schools and hospitals by reducing cumbersome red tape. Paul Burton hosts. (18 minutes)

Transamerica Financial Advisors has agreed to pay $321,167 in restitution as part of a settlement of Financial Industry Regulatory Authority charges that it failed to properly supervise its brokers selling shares of 529 plans.

The deal helped pave the way for the reopening of the capital markets for not-for-profit health systems amid the then-insurgent COVID-19 pandemic.

Kelly Mitchell wants to solidify existing NAST initiatives in the coming year, such as expanding 529 college savings plans.

Northwestern Memorial HealthCare and Palos Health are the latest Midwest systems exploring a merger.

Siddharth Singhai, chief investment officer at IronHold Capital, explores how pension funds can choose better money managers. Paul Burton hosts. (16 min.)