Fund to replace six money managers
The NMI Retirement Fund will end its relationship with six of its money managers, retaining just three of its nine existing asset handlers.
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OU to cut retirement benefits
OU administrators plan to cut faculty and staff retirement benefits in an attempt to improve the university’s financial condition, according to a report from a credit-rating company. Fitch Ratings assigned OU an “AA” credit rating with a negative outlook — citing “diminished financial flexibility, a high debt burden and constrained liquidity [...]

OC mayor vetoes cuts to benefits
OCEAN CITY — Ocean City Mayor Rick Meehan vetoed two ordinances passed by the Town Council majority that would have snipped retirement and health insurance benefits for some new town hires.
Read more on The Daily Times

-a-gallon gas may be lifting your fund portfolio
BOSTON — Think positive. The pain you’re feeling at the pump from -a-gallon gas may become a little easier to bear once you receive your next quarterly mutual-fund statement.
Read more on Seattle Times

More Americans Raiding Retirement Funds Early
Nearly one-fifth of full-time employed Americans have raided retirement accounts in the past year to cover emergencies, according to a national Bankrate survey.
Read more on CNBC

Goldman Group’s Lehman Liquidation Plan Unfair to Retirees, Calpers Says
The creditors, which also include Credit Suisse Group AG, filed a liquidation plan for the defunct company yesterday that would give their group more money than two other proposals for allotting billion among creditors.
Read more on Bloomberg

Nationwide Financial Services Supports SAVE Act Legislation to Make It Easier for Small Business to Offer Retirement …
COLUMBUS, Ohio–(BUSINESS WIRE)–Nationwide Financial supports the Small Businesses Add Value for Employees (SAVE) Act introduced today before Congress that would make it easier for small businesses to establish and maintain a retirement plan for their employees. This legislation, [...]

Cushion your retirement with investments
As a public service to residents, the Financial Planning Association of San Diego is answering financial questions for readers of The San Diego Union-Tribune. Today’s question — on some considerations for those approaching retirement — is answered by Lisa Brinig, CFP, senior wealth adviser for Mariner Wealth Advisors, in San Diego.
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Retiree system declines analyst
The board chairman for the Arkansas Teacher Retirement System on Monday declined a request by its former senior investment analyst, who has accused the system executive director of spearheading a “misrepresentation” of a million investment, to speak to the board.
Read more on Arkansas Democrat-Gazette

Sandoval wants new retirement system for new hires
Nevada Gov. Brian Sandoval wants a separate retirement system for new hires that will rely more on employee contributions and limit long-term state pension liability, administration officials said Monday.
Read more on AP via Yahoo! Finance