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.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.