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Public Pensions & Investments Briefings Profile

Public Pensions & Investments Briefings

English, Finance, 2 seasons, 9 episodes, 4 hours, 10 minutes
Nossaman’s Public Pensions & Investments attorneys provide comprehensive legal services to public retirement systems throughout California and across the country. Public pension plans and their boards turn to us for investments, fiduciary, governance and administration counsel. When disputes arise, we represent retirement systems and their boards in litigation. In our Public Pensions & Investments Briefings podcast, our attorneys and policy advisors, along with some special guests, explore the legal issues impacting public pension plans and their boards.
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Cybersecurity Risk Management for Pension Plan Administrators: Tips for Staying Ahead of the Hackers

With recent well-publicized data breaches impacting pension systems and their retirees nationally, as well as increased Department of Labor scrutiny surrounding cybersecurity policies and procedures implemented by ERISA employee benefit plan fiduciaries upon audit, the topic of cybersecurity risk management is even more top of mind for pension plan administrators.In this episode of Pensions, Benefits & Investments Briefings, Ashley Dunning and Michelle McCarthy welcome Peter Dewar, President of Linea Secure, and Amy Timmons, Senior Vice President of Administration & Technology Consulting at Segal, to discuss pension systems’ cybersecurity risk management and the impacts of artificial intelligence (AI), social engineering and “whaling,” as well as best practices and lessons learned with respect to pension systems’ cybersecurity risk management.
8/2/202331 minutes, 12 seconds
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Risk Management Lessons for Directors and Officers from Recent Bank Failures

The first half of 2023 has seen three bank failures, Silicon Valley Bank, Signature Bank and First Republic bank. In July 2008–the last time multiple FDIC-insured banks failed–the collapse of the economy and massive bank reform followed.In this episode of Pensions, Benefits & Investments Briefings, Yulia Oryol and Patrick Richard discuss risk management lessons for directors and officers to be drawn from these recent events. Were the challenges facing these banks unique, or are the risks more prevalent?
6/8/202315 minutes, 33 seconds
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Secure 2.0 Brings Big Changes to Retirement Plans

Congress recently passed the SECURE 2.0 Act of 2022. Building on the Setting Every Community Up for Retirement Enhancement Act of 2019, SECURE 2.0 attempts to expand retirement plan coverage and increase retirement savings opportunities for United States workers. In this episode of Pensions, Benefits & Investments Briefings, Michelle McCarthy and Ashley Dunning discuss the key provisions of SECURE 2.0 most likely to impact 401(k) and 403(b) plans sponsored by large private-sector employers and also touch upon a few of the provisions that will impact 401(a) plans administered by governmental retirement systems.
3/16/202328 minutes, 31 seconds
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What Public Retirement Systems Need to Know Now About Changes to Actuarial Standard of Practice No. 4

On February 15, 2023, changes to Actuarial Standard of Practice (ASOP) No. 4 will be effective, and defined benefit plans will need to comply with these new rules in all actuarial funding valuations with measurement dates after the effective date. In the latest episode of Public Pensions & Investments Briefings, Ashley Dunning welcomes Graham Schmidt, an actuary with Cheiron, and Todd Tauzer, an actuary with Segal, who explain three significant changes arising from the new ASOP and discuss some of the implications of those changes.
2/15/202336 minutes, 32 seconds
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Outliers and Oddities in Alternative Investment Documents

Institutional investors and other limited partners are often told they must accept certain terms and provisions in alternative investment fund documents because such terms “are market.” Who is responsible for creating these market terms and what can investors do to prevent undesirable deal terms from becoming the market standard? In this episode of Public Pensions & Investments Briefings, Courtney Krause discusses unusual provisions in alternative fund documents, including limited partnership agreements, side letters and subscription documents. Courtney explores how market terms are created, provides examples of non-standard terms, and discusses how investors can work to keep these seemingly one-off provisions from becoming market standard in the future.
1/30/202325 minutes, 23 seconds