Corporate pensions

Corporate pension funding improvement continues with increases in February — 2 reports

Corporate pension funding improvement continues with increases in February — 2 reports

The funded status of the largest U.S. corporate pension plans increased in February as rising assets outpaced liabilities, two reports show.

March 03, 2017 | 12:22 pm
Willis Towers Watson to contribute $123 million to its global pension funds in 2017

Willis Towers Watson to contribute $123 million to its global pension funds in 2017

Willis Towers Watson says in a regulatory filing it plans to contribute $123 million total to its qualified global pension plans in 2017.

March 02, 2017 | 01:33 pm
WEC Energy Group reports $100 million contribution to pension plans in January

WEC Energy Group reports $100 million contribution to pension plans in January

WEC Energy Group contributed $100 million to its defined benefit plans in January and plans to contribute an additional $13 million for the remainder of the year.

March 02, 2017 | 12:57 pm
Sempra Energy powers up $180 million pension contribution for 2017

Sempra Energy powers up $180 million pension contribution for 2017

Sempra Energy, San Diego, plans to contribute a total of $180 million to its pension plans in 2017.

March 01, 2017 | 02:57 pm
Russell: '$20 billion club' sees pension deficit grow by $12 billion in 2016

Russell: '$20 billion club' sees pension deficit grow by $12 billion in 2016

The funded status of 19 U.S. publicly listed corporations with more than $21 billion in pension fund liabilities was an aggregate 79.06% at the end of 2016, down slightly from 79.93% at the start of...

March 01, 2017 | 04:18 pm
IBM computes $500 million contribution for non-U.S. pension plans this year

IBM computes $500 million contribution for non-U.S. pension plans this year

International Business Machines Corp., Armonk, N.Y., plans to contribute about $500 million to its non-U.S. pension plans in 2017.

March 01, 2017 | 02:51 pm
MetLife to make $225 million voluntary contribution to U.S. pension plans

MetLife to make $225 million voluntary contribution to U.S. pension plans

MetLife Inc., New York, will make a $225 million discretionary contribution this year to its qualified U.S. pension plans, according to a 10-K filed Wednesday with the Securities and Exchange...

March 01, 2017 | 02:37 pm
U.S. corporate pension buyouts hit $13.7 billion in 2016 — LIMRA survey

U.S. corporate pension buyouts hit $13.7 billion in 2016 — LIMRA survey

U.S. corporate pension plan buyouts reached $13.7 billion in 2016, the second-highest annual activity yet recorded, a LIMRA Secure Retirement Institute sales survey found.

March 01, 2017 | 01:05 pm
Merck prescribes $235 million for pension plans in 2017

Merck prescribes $235 million for pension plans in 2017

Merck & Co. Inc., Kenilworth, N.J., will contribute $50 million to its U.S. pension plans in 2017, $160 million to its international pension plans and $25 million for other postretirement plans.

March 01, 2017 | 12:53 pm
U.K. corporate pension fund deficits rise slightly in February

U.K. corporate pension fund deficits rise slightly in February

The total deficit of U.K. corporate defined benefit funds increased 2.7% in February to £270 billion ($335.6 billion), and grew 147.7% for the year ended Feb. 28, said JLT Employee Benefits.

March 01, 2017 | 06:50 am
U.K. Pensions Regulator reaches deal with BHS to preserve pension benefits

U.K. Pensions Regulator reaches deal with BHS to preserve pension benefits

The Pensions Regulator has reached a £363 million ($450 million) cash settlement with the former owner of retailer BHS, an arrangement that will provide funding for a new independent pension...

February 28, 2017 | 01:03 pm
Xerox sending $350 million to pension plans in 2017

Xerox sending $350 million to pension plans in 2017

Xerox Corp., Norwalk, Conn., expects to contribute $350 million to its defined benefit plans in 2017 — $169 million to its U.S. plans and $181 million to its non-U.S. plans.

February 28, 2017 | 12:51 pm
Cancer Research U.K. Pension Scheme enters into buy-in with Canada Life

Cancer Research U.K. Pension Scheme enters into buy-in with Canada Life

Cancer Research U.K. Pension Scheme, London, completed a £250 million ($310 million) buy-in with Canada Life, covering all retirees in the plan.

February 28, 2017 | 10:42 am
DC plans dominate U.K. retirement offerings as more companies freeze DB — report

DC plans dominate U.K. retirement offerings as more companies freeze DB — report

Almost 100% of new employees joining FTSE 350 companies are enrolled into a defined contribution plan, said Willis Towers Watson.

February 27, 2017 | 02:34 pm
Pinnacle West charges up $300 million in contributions through 2019

Pinnacle West charges up $300 million in contributions through 2019

Pinnacle West Capital Corp., Phoenix, plans to make voluntary contributions to its U.S. pension plan totaling $300 million during the three years through 2019.

February 27, 2017 | 02:47 pm