Corporate pensions

Busy week for lump-sum offerings

While Motorola Solutions Inc.’s activity last week was the most notable, three other companies also announced lump-sum offers.

September 29, 2014
Motorola Solutions looks to shed $4.2 billion in liabilities in buyout, lump sums

Motorola Solutions looks to shed $4.2 billion in liabilities in buyout, lump sums

Motorola Solutions Inc. entered into a pension buyout agreement with Prudential Insurance and will offer lump-sum payouts to terminated vested employees to reduce $4.2 billion in pension obligations.

September 25, 2014 | 09:48 am
PBGC to take over James River Coal pension fund

PBGC to take over James River Coal pension fund

The PBGC will take over the defined benefit plan of James River Coal Co., the agency announced Wednesday.

September 24, 2014 | 03:04 pm
Washington Post freezes DB plan, switches to cash balance

Washington Post freezes DB plan, switches to cash balance

The Washington Post’s parent company is freezing its defined benefit plan and transferring remaining participants to an existing cash balance plan, effective Jan. 1, 2015. The company is also...

September 24, 2014 | 03:15 pm
Newell Rubbermaid proposes lump sums for terminated vested employees

Newell Rubbermaid proposes lump sums for terminated vested employees

Newell Rubbermaid Inc. announced in an SEC filing Tuesday it will offer a lump-sum payment to about 5,700 terminated vested participants in its frozen U.S. defined benefit plan.

September 23, 2014 | 04:01 pm

Magnetek offers lump sum to 35% of DB participants

Magnetek Inc. announced Tuesday in an SEC filing that it is in the midst of offering a lump-sum payout offer to certain participants in its defined benefit plan.

September 23, 2014 | 12:15 pm

American Axle & Manufacturing to make lump-sum offer

American Axle & Manufacturing Holdings Inc. announced in an SEC filing Monday that it plans to offer a lump-sum payment to certain terminated vested participants in its U.S. pension funds.

September 22, 2014 | 05:28 pm
Investors hurting FTSE 100 companies with pension funds, study finds

Investors hurting FTSE 100 companies with pension funds, study finds

Investors in FTSE 100 companies with defined benefit plans are penalizing those companies for their pension liabilities regardless of the pension plan's funded status, said a study by U.K. economics...

September 22, 2014 | 02:28 pm

Johnson & Johnson seeks senior director for retirement plans

Johnson & Johnson, New Brunswick, N.J., is searching for a senior director, benefit trust investments.

September 11, 2014 | 02:43 pm
Canadian pension fund assets gain 5.3% in first quarter

Canadian pension fund assets gain 5.3% in first quarter

Canadian pension fund assets were up 5.3% in the first quarter, totaling C$1.412 trillion (US$1.29 trillion) as of March 31, Statistics Canada, the government's statistics agency, reported Wednesday.

September 11, 2014 | 10:41 am

Standard Life to freeze its pension plan in 2016

Standard Life PLC, Edinburgh, is freezing its U.K. defined benefit plan in April 2016 to mitigate risk and increasing costs associated with running the pension fund in the future.

September 09, 2014 | 02:27 pm

Pension funding reports mixed for August

The funded status of the 100 largest U.S. corporate pension plans fell to 84% in August, down from 84.8% in July, said the latest Milliman 100 Pension Funding index.

September 08, 2014 | 04:29 pm

U.S. corporate pension funding ratios decline on falling discount rate

Funding ratios of U.S. corporate pension plans fell in August due to a drop in the discount rate, two new reports show.

September 04, 2014 | 02:39 pm
Towers Watson: Retirement plan landscape stabilizing for Fortune 500 companies

Towers Watson: Retirement plan landscape stabilizing for Fortune 500 companies

While the 15-year trend of Fortune 500 companies moving away from defined benefit plans is continuing, the rate of transition is slowing down and the retirement plan landscape is stabilizing, said a...

September 04, 2014 | 09:00 am

Fitch Ratings: Pension liabilities a key measure in distressed companies

The pension liabilities of companies in or near bankruptcy deserve closer attention, said a special report issued Wednesday by Fitch Ratings.

September 03, 2014 | 04:04 pm