Corporate pensions

FedEx to contribute $580 million to U.S. pension plans in 2015

FedEx to contribute $580 million to U.S. pension plans in 2015

FedEx Corp. said it expects to contribute $580 million to its U.S. pension plans in 2015.

July 14, 2014 | 05:33 pm

Rock-Tenn Co. offers lump sums to 9,000 former employees

Rock-Tenn Co. announced it has extended a lump-sum offer to former employees who are vested but have yet to receive benefits in three of its defined benefit pension plans.

July 11, 2014 | 02:17 pm

Senate's pension smoothing extension shorter than House proposal

The Senate Finance Committee called for pension funding stabilization, or smoothing, as part of a funding package for the Highway Trust Fund approved Thursday.

July 10, 2014 | 03:54 pm
Milliman: Funding level of U.S. corporate pension plans up in June

Milliman: Funding level of U.S. corporate pension plans up in June

The funded status of the 100 largest U.S. corporate pension plans increased in June because of slightly rising interest rates

July 10, 2014 | 03:39 pm
Pension smoothing part of Highway Trust Fund deal

Pension smoothing part of Highway Trust Fund deal

The House Ways and Means Committee late Tuesday proposed pension smoothing as part of a funding package for the Highway Trust Fund, which is projected to run out of money within weeks.

July 09, 2014 | 02:23 pm
PBGC puts reportable changes program on hold

PBGC puts reportable changes program on hold

Pension Benefit Guaranty Corp. declared a six-month moratorium Tuesday on a program that required employers to guarantee more pension assets in the event of major operational changes.

July 08, 2014 | 03:45 pm

U.K. pension funding deficit dips in June

The aggregate deficit of U.K. defined benefit occupational pension funds in the Pension Protection Fund's 7800 index decreased 8% in June to £109 billion ($186.6 billion).

July 08, 2014 | 01:27 pm

Mercer: S&P 1500 pension funding ticks up in June

The funded status of S&P 1500 companies with defined benefit pension plans rose one percentage point to 85% in June, said a monthly report from Mercer.

July 07, 2014 | 03:50 pm

BT Pension Scheme strikes record risk transfer deal

BT Pension Scheme, London, has entered into the largest longevity risk transfer deal, covering £16 billion ($27.4 billion) of liabilities in an arrangement that also saw the fund set up a...

July 04, 2014 | 07:49 am

Corporate pension plan funded status flat for quarter, up in June — 3 reports

The funded status of a typical U.S. corporate defined benefit pension plan remained relatively unchanged at slightly less than 90% in the second quarter, said Legal & General Investment Management...

July 02, 2014 | 03:54 pm

U.K. pension funds moving to fiduciary management — survey

More than two-thirds of U.K. corporate and public pension funds and their consultants surveyed on fiduciary management have implemented a partial or full fiduciary management arrangement, or are...

July 02, 2014 | 01:59 pm
U.K. corporate pension fund deficit rises 67% in past 12 months

U.K. corporate pension fund deficit rises 67% in past 12 months

The total deficit of U.K. corporate defined benefit pension funds increased 67% for the year ended June 30, despite a rise in total assets.

July 01, 2014 | 11:44 am
Lockheed Martin to freeze pension plan in 2016

Lockheed Martin to freeze pension plan in 2016

Lockheed Martin Corp., Bethesda, Md., will freeze its defined benefit pension plan in early 2016 and start shifting active salaried workers to an enhanced defined contribution program, the company...

July 01, 2014 | 03:56 pm

Canadian pension plans' funded status ticks up in 2nd quarter

Canadian defined benefit pension plans administered by Aon Hewitt had a median funded status of 96% as of June 26, up 0.6 percentage points from March 31 and up 19 percentage points from the end of...

June 30, 2014 | 02:58 pm

Aon to contribute $385 million to its worldwide pension funds in 2014

Aon PLC said it plans to contribute $385 million to its worldwide pension funds in 2014, down significantly from $523 million in 2013 and $638 million the year before that.

June 24, 2014 | 03:51 pm