The funded status of corporate defined benefit plans experienced a significant drop in January, giving back some of the large gains made in 2013, according to reports from Mercer and BNY Mellon...
February 04, 2014 | 03:33 pm
U.K. corporate defined benefit pension funds recorded no change to their funding ratios over 2013, although rallying equity markets reduced deficits.
February 04, 2014 | 02:01 pm
PBGC management hopes to take greater advantage of a little-used tool for restructuring multiemployer pension plans, as the number of candidates likely to seek the agency's help grows.
February 03, 2014
Carol Larner was named vice president of investments at Cox Enterprises, confirmed spokeswoman Elizabeth Olmstead.
January 31, 2014 | 03:25 pm
Mead Johnson Nutrition Co., Glenview, Ill., plans to adopt mark-to-market pension accounting, starting with the current quarter, which ends March 31, to bolster earnings, according to a filing Friday ...
January 31, 2014 | 03:19 pm
John Lewis Partnership is reviewing its £3.2 billion ($5.3 billion) defined benefit pension fund and is looking to adopt a hybrid DB/DC offering, building on the current DB and DC sections of...
January 31, 2014 | 02:01 pm
Manitoba Telecom Services Inc. and subsidiary MTS Allstream must repay C$43 million (US$38 million) to participants of the C$1.4 billion MTS Pension Plan, Winnipeg, the Supreme Court of Canada ruled...
January 31, 2014 | 12:26 pm
McCormick & Co. Inc. announced on Wednesday it completed its voluntary lump-sum program for certain former employees in the fourth quarter of its fiscal year 2013.
January 29, 2014 | 03:28 pm
The majority of U.S. corporations with defined benefit plans will be prioritizing risk management in 2014, according to an Aon Hewitt survey.
January 29, 2014 | 03:14 pm
Ford Motor Co. contributed $1.5 billion to its global defined benefit plans in the fourth quarter of 2013. Total contributions for the year were $5 billion.
January 28, 2014 | 01:53 pm
Somerfield Pension Scheme hired BNY Mellon to provide custody and investment accounting services for its £800 million ($1.3 billion) of assets.
January 27, 2014 | 02:19 pm
Lockheed Martin Corp., Bethesda, Md., contributed $2.25 billion in cash to its worldwide defined benefit plans in 2013, and confirmed that it expects to contribute $1 billion in 2014.
January 23, 2014 | 04:32 pm
United Continental Holdings Inc., Chicago, expects to contribute $290 million to its defined benefit pension plans this year.
January 23, 2014 | 03:39 pm
Air Canada on Wednesday said it eliminated its C$3.7 billion (US$3.3 billion) pension deficit in 2013 and projects that it will start this year with a small surplus.