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Alaska's pension suit settled for $500M firm they say knowingly gave bad advice to the Alaska Retirement Management Board, costing the state billions. Mercer Inc., the actuarial consulting subsidiary of the huge Marsh & McLennan Companies Inc. insurance brokerage firm, has agreed...
Investment deal fails, ending conflict concerns

...investment adviser to multiple state agencies, it raised serious conflict of interest concerns. But that deal under which Mercer, Inc. would acquire Callan, the San Francisco-based investment adviser to the Alaska Permanent Fund Corporation and the...
N.Y. lawyers could win big in state suit

...Winters LLC of Juneau, are representing the Alaska Retirement Management Board in a $1.8 billion lawsuit against Mercer Inc., a division of the huge Marsh and McLellan Cos. consulting firm. Alaska says that as its actuary, Mercer was expected...
Acquisition means company state is suing becomes new investment advisor

...Revenue's Treasury Division. What has some lawmakers concerned is last month's announcement that a Callan competitor, Mercer, Inc., is purchasing Callan. The concern, legislators said, is with Mercer. "This is a firm we had a very bad experience...
Big retirement settlement comes with big price tag

...Department of Law sought an appropriation of $12 million to pursue the Alaska Retirement Management Board's claims against Mercer, Inc., an actuarial firm it said gave it flawed advice that helped drive the state to a multi-billion dollar future deficit...
Retirement debts grow

...rising health care costs and new actuarial valuations have revealed deep deficits. Alaska is suing a former actuary, Mercer, Inc., accusing it of incorrectly, and in some cases knowingly, providing the state with bad estimates of future costs...
State seeks $8 billion for retirement funds

Alaska is seeking more than $8 billion from Mercer Inc., its former actuary that it blames for part of its multibillion dollar pension plan deficit. The Alaska Retirement Management...
Settlement proceeds bolster retirement savings

...Alaska Retirement Management Board decided Monday to put most of Alaska's portion of a $500 million settlement with Mercer Inc., into the Public Employees Retirement System's Health Trust Fund. Alaska sued Mercer, a subsidiary of Marsh...


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