$1.5 billion in Boeing stock to go to plans
By Barry B. Burr October 26, 2009Boeing Co., Chicago, plans to contribute up to $1.5 billion in company stock to its defined benefit pension plans before the end of the year and will have an independent manager to run the shares on...
Funded ratio up for Milliman 100
By Timothy Inklebarger October 15, 2009The funded ratio of the 100 largest U.S. corporate defined benefit pension plans studied by Milliman increased by 0.3 percentage points to 75.3% in September.But a drop in the monthly discount...
Retirement plan maximums to remain flat for 2010
By Jerry Geisel October 14, 2009The maximum contribution that can be made to 401(k) and other defined contribution plans, and the maximum benefit that can be funded through defined benefit plans, will stay the same in 2010, an...
Watson Wyatt: No relief means $235 billion in contributions
By Doug Halonen October 7, 2009U.S. corporate employers will have to contribute a total of $89 billion to their defined benefit pension plans in 2010, and more than $146 billion to the plans in 2011, unless the federal government...
New CEO, top execs at Cadogan
By Christine Williamson October 2, 2009John Trammell was named CEO of hedge fund-of-funds manager Cadogan Management, replacing Stuart N. Leaf, who resigned this week along with Paul Isaac, CIO, and Michael...
City and county funding falls to 81% — Wilshire
September 21, 2009The average funded ratio for city and county defined benefit pension plans was 81% in 2008, down 18 percentage points from a year earlier, according to a survey by Wilshire Consulting.
U.K. funds face growing deficits
By Drew Carter August 24, 2009U.K. companies will need to reach deeper into their pockets next year to make contributions to their defined benefit pension plans after soaring liabilities have left gaping deficits.
3 searches on menu at East Sussex
By Drew Carter July 28, 2009East Sussex County Council Pension Fund, Lewes, England, is searching for at least three managers to run a total of up to £850 million ($1.4 billion).The £1.5 billion fund is looking for one or...
Northern countersues BP
July 27, 2009Northern Trust and Northern Trust Investments have countersued the BP North America savings plans investment oversight committees over alleged securities-lending losses in index funds, accusing the committees of possibly violating ERISA and seeking counterdamages.
Penney right on accounting, LDI
July 27, 2009I applaud J.C. Penney for its Pensionomics and Pensions & Investments for its lead story in the June 29 issue.
Milliman 100 corporate funded status down $57 billion in June
By Timothy Inklebarger July 14, 2009The funded status of corporate pension plans in the Milliman 100 Pension Funding index experienced a net loss of $57 billion in June to 75.7%, down 3.6 percentage points since May 31, with $6 billion ...
Study: Blacks, Hispanics lag in 401(k) participation
By Jeff Nash July 7, 2009Black and Hispanic workers participate less, and at much lower levels, than their white or Asian peers in 401(k) plans, according to a study released today by consultant Hewitt Associates and money...
DB funding relief at risk over an advice provision
By Doug Halonen June 29, 2009A House committee yanked a pension bill provision safeguarding existing investment advice arrangements for DC plans — jeopardizing employer support for a package that also provides critical funding relief for DB plans.
J.C. Penney buys into LDI for closed plan
By Barry B. Burr June 29, 2009J.C. Penney Co. Inc. executives intend to move to a liability-driven investing strategy over the next five years for the company's $4.1 billion defined benefit plan. The new approach will result in a 75% allocation to fixed income, up from 20%, and a reduction in equities from 70%.
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