As we discussed in our previous Alerts, "Novel Suit by Kentucky Pension Beneficiaries Continues" and "Kentucky Court Holds That Public Pension Plan Beneficiaries Lack Standing to Sue," beneficiaries of Kentucky's public...more
7/20/2020
/ Defined Benefit Plans ,
Employee Benefits ,
Fiduciary Duty ,
Injury-in-Fact ,
Investment Management ,
KY Supreme Court ,
Motion to Dismiss ,
Pensions ,
Public Pension ,
Standing ,
State Attorneys General
A lower court's decision to allow beneficiaries of Kentucky's Public Retirement System to sue administrators and advisors over fiduciary responsibilities is overturned....more
A Kentucky court decided in favor of the beneficiaries of Kentucky's Public Retirement System by striking down a motion to dismiss their suit, which alleges that administrators and their advisors breached their fiduciary...more
The schedule for review of the investment strategies of the Public Employees' Retirement System and School Employees' Retirement System just became accelerated.
At its hearing on July 30, 2018, Pennsylvania's...more
This development represents just one aspect of the ongoing debate over active versus passive asset management.
Earlier this month, Pennsylvania's largest public pension fund, the Public School Employees' Retirement System...more
8/27/2018
/ Asset Management ,
Fiduciary Duty ,
Investment Adviser ,
Investment Management ,
Management Fees ,
Popular ,
Public Employees ,
Public Pension ,
Public Schools ,
Retirement Funds ,
State and Local Government