CONSOL Energy Inc. is freezing its $778 million defined benefit plan for certain employees, according to documents issued to plan participants and obtained by Pensions & Investments.
October 03, 2014 | 04:05 pm
U.S. corporate pension plans experienced a decline in funding ratios by the end of September as a result of slowing growth in assets unable to keep up with liability values.
October 03, 2014 | 03:28 pm
The funded status of a typical U.S. corporate defined benefit plan dropped to 89.9% in September, the lowest level since August 2013 when it was 88.1%, said the BNY Mellon Institutional Scorecard.
October 02, 2014 | 04:00 pm
Bristol-Myers Squibb Co. said it would settle $1.4 billion in pension obligations by purchasing a group annuity contract from Prudential Insurance Co. for approximately 8,000 retirees and...
September 30, 2014 | 06:30 pm
Canadian defined benefit plans administered by Aon Hewitt saw their funded status slip in the past three months, to a median 91.1% as of Sept. 26 from 96%.
September 30, 2014 | 04:00 pm
Motorola Solutions Inc.'s pension buyout, the third largest in U.S. history, was the fastest by a mile, taking less than six months from start to finish.
September 29, 2014
Assets in the U.K.’s private defined benefit market will decrease 6% by 2023, to £1.05 trillion ($1.8 trillion), says research company Spence Johnson.
September 29, 2014 | 02:47 pm
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...