Delaware State Treasury News
June 11, 2013
Delaware State Treasury Announces Major Retirement Plan Deal & Roth Support
The Delaware State Treasury announced a proposed deal with Fidelity Investments to reduce fees charged to eligible participants in the State’s 457(b) and 403(b) Deferred Compensation Plans, potentially impacting over 11,000 state employees. In addition, DST announced its support for House Bill 148, an act that places into law the existing work of the state’s Deferred Compensation Council and DST over the past few years with regards to implementing a Roth savings feature as part of the Plans. Please click here to read the press release.
May 23, 2013
Delaware State Treasury and Deferred Compensation Council Working to Select Vendor for Compilation Services
The Delaware State Treasury issued an RFP for compilation services in April and is in the process of selecting a vendor to perform compilation services for the State of Delaware’s 403(b) plan.
May 6, 2013
Delaware State Treasury Releases Latest Economic Index
Be sure to check out the Delaware State Treasury’s Latest Economic Index providing key national and state economic data and news in a centralized location and easy-to-read
electronic format every 60 days. Please click here to read the latest Index.
April 17, 2013
Cash Management Policy Board Approves New Slate of Investment Managers
Board approves slate consisting of four liquidity managers and five reserve managers as follows:
Liquidity: Cutwater Asset Management; M & T Bank, N.A.; PFM Asset Management LLC; Wells Capital Management
Reserve: Chandler Asset Management; Federated Investors, Inc.; J.P. Morgan Asset Management; Morgan Stanley Investment Management; Schroder Investment Management North America, Inc.
For more details on the selection process, please click here.
April 10, 2013
Deferred Compensation Council Selects Outside Tax Counsel
At its meeting today, the Deferred Compensation Council selected Ice Miller LLP to serve as outside tax counsel for the State of Delaware’s Deferred Compensation plans. Ice Miller was selected after an extensive “Requests for Proposals” selection process.