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 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
The PBGC will take over the defined benefit plan of James River Coal Co., the agency announced Wednesday.
September 24, 2014 | 03:04 pm
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 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 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 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 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, New Brunswick, N.J., is searching for a senior director, benefit trust investments.
September 11, 2014 | 02:43 pm
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 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
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
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
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
The pension liabilities of companies in or near bankruptcy deserve closer attention, said a special report issued Wednesday by Fitch Ratings.