McClean has been with the teachers’ pension plan for 33 years
The plan returned 6.3% in the first half
The Oxford comma strikes again
Fund returned 1.1% after costs during the quarter
DB plans returned 2.7% in the quarter, down from 7.2% in Q1
Measures include rules on annuities, tax changes affecting funds
Committees will advise the regulator on three pension-related areas
Jo Taylor will take over from the retiring Ron Mock
Mercer reports DB pension plans were stable during the quarter
Despite the quarterly decline, assets rose on a year-over-year basis