Corporate pensions

PG&E powers up $327 million contribution to pension fund

PG&E powers up $327 million contribution to pension fund

PG&E plans to contribute about $327 million to its pension plan in 2017.

February 17, 2017 | 11:04 am
Travelers considers voluntary contributions to pension fund of up to $100 million

Travelers considers voluntary contributions to pension fund of up to $100 million

Travelers Cos. is considering making annual voluntary contributions of $75 million to $100 million to its defined benefit plan beginning this year, the insurer says.

February 16, 2017 | 02:32 pm
Caterpillar digs up $450 million contribution for global DB plans in 2017

Caterpillar digs up $450 million contribution for global DB plans in 2017

Farm-implements maker Caterpillar plans to contribute $450 million to its defined benefit plans in 2017.

February 16, 2017 | 11:04 am
PepsiCo discloses annuity buyout in 2016; plans $130 million contribution to DB plans in 2017

PepsiCo discloses annuity buyout in 2016; plans $130 million contribution to DB plans in 2017

PepsiCo purchased a group annuity contract in 2016 from an insurance company to transfer defined benefit plan liabilities, a regulatory filing shows.

February 16, 2017 | 01:55 pm
Raytheon eyes $750 million contribution to pension plans this year

Raytheon eyes $750 million contribution to pension plans this year

Raytheon Co., Waltham, Mass., expects to make required contributions of $750 million to its pension plans in 2017.

February 15, 2017 | 02:24 pm
British Steel union members approve proposal to freeze pension plan

British Steel union members approve proposal to freeze pension plan

Union members have voted in favor of proposals by the sponsoring employer of the £13.3 billion ($16.6 billion) British Steel Pension Scheme, London, which include plans to freeze the plan.

February 15, 2017 | 03:10 pm
Molson Coors expects to brew up pension contribution of up to $120 million

Molson Coors expects to brew up pension contribution of up to $120 million

Molson Coors Brewing Co., Denver, expects to contribute between $100 million and $120 million to its global defined benefit plans in 2017.

February 15, 2017 | 11:52 am
Cummins Inc. plans $134 million pension contribution for 2017

Cummins Inc. plans $134 million pension contribution for 2017

Cummins Inc., Columbus, Ind., will contribute $134 million to its global defined benefit plans this year.

February 14, 2017 | 02:35 pm
Delta on board for $1.2 billion contribution

Delta on board for $1.2 billion contribution

Delta Air Lines Inc., Atlanta, plans to contribute at least $1.2 billion to its defined benefit plans in 2017, the company announced in its 10-K filing on Monday.

February 14, 2017 | 12:41 pm
Exelon to plug $651 million into plans

Exelon to plug $651 million into plans

Exelon Corp., Chicago, and its subsidiaries plan to contribute a total of $651 million to their qualified defined benefit plans in 2017, according to the company’s 10-K filing with the SEC on...

February 14, 2017 | 12:14 pm
U.K. pension fund deficits fall in January, down 29% over past year

U.K. pension fund deficits fall in January, down 29% over past year

The total deficit of all U.K. corporate pension funds in the London-based Pension Protection Fund’s 7800 index decreased 12.2% over January to £196.5 billion ($246.4 billion) and was down ...

February 14, 2017 | 06:19 am
U.K. corporate governance code should apply to large private companies — committee

U.K. corporate governance code should apply to large private companies — committee

The U.K. Work and Pensions Committee said an existing corporate governance code should be extended to the defined benefit funds of large private companies to make company directors more accountable.

February 13, 2017 | 02:10 pm
Honeywell expects to contribute $130 million to non-U.S. pension funds

Honeywell expects to contribute $130 million to non-U.S. pension funds

Honeywell International Inc., Morristown, N.J., plans to contribute $130 million to its non-U.S. defined benefit plans.

February 13, 2017 | 11:24 am
3M plans pension contribution of up to $500 million

3M plans pension contribution of up to $500 million

3M Co., St. Paul, Minn., plans to contribute between $300 million and $500 million in cash to its global defined benefit plans in 2017.

February 10, 2017 | 01:04 pm
DTE Energy powers up $310 million pension plan contribution

DTE Energy powers up $310 million pension plan contribution

DTE Energy Co., Detroit, expects to contribute $310 million to its defined benefit plans in 2017.

February 10, 2017 | 12:26 pm