Corporate pensions

Corporate pension funding falls back in January — 2 reports

Corporate pension funding falls back in January — 2 reports

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

Rising stocks unable to improve U.K. corporate pension funding — report

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 eyes little-used tool for plan insolvencies

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
Cox Enterprises names VP of investments

Cox Enterprises names VP of investments

Carol Larner was named vice president of investments at Cox Enterprises, confirmed spokeswoman Elizabeth Olmstead.

January 31, 2014 | 03:25 pm
Mead Johnson Nutrition adopts mark-to-market pension accounting to boost earnings

Mead Johnson Nutrition adopts mark-to-market pension accounting to boost earnings

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 considers changes to DB plan

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
Canada’s high court rules MTS must repay C$43 million to pension fund

Canada’s high court rules MTS must repay C$43 million to pension fund

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 completes voluntary lump-sum program, paying about $63 million

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

Aon Hewitt: 76% of U.S. corporate pension plans will derisk in 2014

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 contributes $5 billion to pension funds in 2013, plans $1.5 billion for 2014

Ford contributes $5 billion to pension funds in 2013, plans $1.5 billion for 2014

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 turns to BNY Mellon for custody, accounting

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 contributes $2.25 billion to pension funds in 2013

Lockheed Martin contributes $2.25 billion to pension funds in 2013

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 expects departure of $290 million to DB plans in 2014

United Continental expects departure of $290 million to DB plans in 2014

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 eliminates C$3.7 billion pension deficit

Air Canada eliminates C$3.7 billion pension deficit

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.

January 22, 2014 | 01:48 pm
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