Corporate pensions

Milliman: Corporate pension plan funding climbs in September

The funded status of the 100 largest U.S. corporate defined benefit plans improved slightly in September.

October 07, 2014 | 02:31 pm
$45.4 billion in retirement assets affected by HP split announcement

$45.4 billion in retirement assets affected by HP split announcement

Hewlett-Packard Inc.'s plan to split into two companies will affect its $45.4 billion in combined worldwide defined benefit and defined contribution assets.

October 06, 2014 | 03:08 pm

Mercer: Pension funded status of S&P 1500 companies stable in September

The funded status of defined benefit pension plans of S&P 1500 companies remained at 84% in September, said a monthly report from Mercer.

October 06, 2014 | 01:03 pm

PPF expects to collect £635 million, down from year earlier

Pension Protection Fund, London, will collect £635 million ($1 billion) in levies from qualifying employers for the 2015-’16 fiscal year, almost 9% less than the 2014-‘15 year...

October 06, 2014 | 01:00 pm

CONSOL Energy freezes DB plan for certain employees

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
Corporate pension plans' funding ratios end Q3 on the decline — 3 reports

Corporate pension plans' funding ratios end Q3 on the decline — 3 reports

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
BNY Mellon: Corporate pension funding ratios fall to lowest level since August 2013

BNY Mellon: Corporate pension funding ratios fall to lowest level since August 2013

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 announces $1.4 billion pension buyout

Bristol-Myers Squibb announces $1.4 billion pension buyout

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
Aon Hewitt: Canadian DB plans’ funding status slips

Aon Hewitt: Canadian DB plans’ funding status slips

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 wraps up pension buyout at light speed

Motorola wraps up pension buyout at light speed

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

U.K. private-sector DB assets to fall 6% by 2023 — report

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

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