Pension Matters
State Employees Retirement Fund
Most Recent Market Value | Michigan Treasury Bureau of Investments
2020 |
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The Michigan Department of Insurance and Financial Services (DIFS) announced that the department is prioritizing health insurance appeals related to a denial of coverage for Corona virus Disease 2019 (COVID-19) testing or treatment... |
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On December 20, 2019, President Trump signed the “Setting Every Community Up for Retirement Enhancement” (SECURE) Act. This new law does several things that will affect your ability to save... |
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Michigan Department of Treasury, Bureau of Investments, committed $1.07 billion to alternative funds on behalf of the $74.8 billion Michigan Retirement Systems, East Lansing, in the quarter ended Sept. 30... |
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2019 |
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The cost of living adjustment (COLA) will increase Social Security benefits by 1.6 percent in 2020, an average of about $24 per month for individuals... |
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“The state of Michigan has pulled its $600 million pension fund from wealth management firm Fisher Investments after the company’s founder and chairman made crude and sexually explicit comments during a fireside chat at the Tiburon CEO Summit in San Francisco this week... |
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Over the past one, three, five, seven, and ten years, the returns are much higher than peer median returns. Compared to the State Street Universe of public pension plans greater than $10 billion... |
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Representatives from State Employee Benefits and Blue Cross Blue Shield of Michigan provided information about work underway to implement a Medicare Advantage plan for Medicare eligible members on January 1, 2020... |
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The Michigan Education Trust (MET), Michigan Department of Treasury and the Michigan Department of Health and Health and Human Services (MDHHS) hosted a fundraiser... |
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Billionaire Robert Smith has pledged to pay off the students loans of the entire graduating class of Morehouse College. The gift is estimated to be worth up to $40 million... |
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Employee Benefit Research Industry (EBRI) newest study, “Retirement Savings Shortfalls: Evidence from EBRI’s 2019 Retirement Security Projection Model® projects that the retirement deficit for U.S. households... |
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The speaker at the February meeting was Jon Braeutigam, Chief Investment Officer at the Department of Treasury, ... |
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As the state of Michigan begins a new year and the state income tax filing season approaches, the Michigan Department of Treasury is asking taxpayers... |
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2018 |
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More than 530,000 state and teacher pension participants are benefiting from state investments after recent reports noted one-year and 10-year gains larger than similarly sized state pension funds... |
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State Treasurer Nick Khouri, State Budget Director John Walsh, Senate Fiscal Agency Director Ellen Jeffries and House Fiscal Agency Director Mary Ann Cleary today reached consensus on economic and revenue figures... |
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The official web site is https://www.michigan.gov/ors. At the top of this page is a link to MIAccount where you can watch a tutorial on how to use this resource if you haven’t... |
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It was noted in these minutes that “pension performance for the past five and seven years of one of the best rankings against peers.” It was also noted that over the... |
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I hope many of you were able to hear Jon Braeutigam, Bureau of Investments, Michigan Department of Treasury speak at the February meeting... |
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Michigan Department of Treasury reminds taxpayers the 2017 tax year will not be affected when tax season begins later this month... |
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The Board held its final meeting of the year on December 12, 2017. Quarterly Investment Reviews can be found on the Treasury web site... |
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2017 |
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Each of the 20 hedge fund portfolios of 17 U.S. state pension plans analyzed by Pensions & Investments produced positive returns in the fiscal year... |
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The adequacy of retirement income — from Social Security benefits and other sources — is substantially reduced by Medicare’s high out-of-pocket costs... |
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State Treasurer Nick Khouri announced recently that the state of Michigan successfully sold nearly $120 million in General Obligation Environmental Program bonds... |
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The quarterly meeting of the IAC was held on Thursday, September 9th. Guest presenter was David. Lebovitz Vice President - Global Market... |
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According to the National Public Pension Coalition, “The so-called pension crisis is a myth promoted by people who are either hostile to public employees, have a financial interest... |
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In last month’s newsletter I wrote about new security measures being put into place by Social Security in June which will require a security code for admission... |
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Starting June 10, the Social Security Administration will require you to choose a second identification method to log into your My Social Security online account. You’ll have to provide... |
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Business Leaders for Michigan, headed by President and CEO Doug Rothwell, issued a recent report indicating Michigan should no longer offer government workers... |
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I attended the March Investment Advisory Committee Meeting. Both Jon Braeutigam and Greg Parker provided an update... |
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Michigan Treasurer Nick Khouri today announced Michigan’s Chief Economist Jay Wortley is retiring effective Feb... |
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If legislators are able to get a repeal of the current pension tax on the governor’s desk, it will not get his signature... |
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Since I am always interested in pension issues, I couldn’t help but read the article in the Lansing Journal about... |
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2016 |
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Michigan’s Republican-led Legislature will not vote this year on controversial plans to limit retiree health care benefits for local government... |
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Remember, you can also find a wealth of Pension related information on the Department of Treasury, Bureau of Investment web site... |
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A new study out from Center for Retirement Research at Boston College indicates that for many states, counties and cities, the “pension benefits “ sky is not falling. Their findings suggest that... |
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At the June, 2016 Investment Advisory Meeting, Mr. Braeutigam advised the board that the rate of return for... |
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When it comes to retirement finances, workers have two top concerns; that their pensions be reliable... |
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A recent article in Pensions and Investments indicates the “in sourcing” trend is up to save on the high cost of fees. Both ... |
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Having been on vacation during the past two weeks of May in beautiful Monterey, CA., this month’s Pension Matters will be short and sweet. Be back in full swing next month... |
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Chief Investment Officers (CIO) of some of the largest U.S. pension funds acknowledged they have little hope of earning their assumed... |
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Kerri Vanden Bosch, new Director of ORS, spoke to the CC in March. ORS administers retirement programs for public school employees, judges, state police, and National Guard members... |
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Jon Braeutigam, Chief Investment Officer and Robert Brackenbury, Senior Director of Investments gave us an update on the State Employees Retirement System (SERS) Pension Fund. The Bureau of Investment, in the department of Treasury... |
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Lansing SERA would like to congratulate Kerrie Vanden Bosch in her new role at ORS. The Department of Technology, Management and Budget has named her as its new director, as current Director Phil Stoddard will be retiring in February... |
See archived Pension Matters and Market Altimeter issues.