US - Kathy Harrell has been named to fill the vacant position on the Ohio Police & Fire Pension Fund (OP&F) board of trustees.
Harrell, a member of the Cincinnati Police Department, will begin her term as one of two active police officer representatives at the board’s meetings until June 1, 2007.
Harrell has worked for Cincinnati since 1987 and has experience representing and working for police officers through her position as union president of Fraternal Order of Police Queen City Lodge #69.
In earlier news, fund announced it would pump US$25m into real estate and changing its private equity benchmark.
The $10bn fund announced it will be making a $25m investment into Westbrook real estate fund VII on the recommendation of its real estate consultant Townsend Group.
Acting on the advice of it investment consultant, Wilshire Associates, OP &F also changed its private equity performance benchmark to the Wilshire 5000 +300 basis points.
At the end of August, the fund almost reached the $11bn mark, after falling long-term interest rates provided some relief to stocks.
Coats' pension scheme members are not entitled to annual increases of 5%, the High Court has ruled in a rare instance of a court overturning a decision of The Pensions Ombudsman.
Trustees of the Airways Pension Scheme (APS) have been granted permission to use more than £1m of scheme assets to fund an appeal over discretionary increases.
Chancellor Philip Hammond is being pressed to tackle the impact of pensions allowances on the NHS' ability to recruit and retain staff.