Corporate pensions

Interest rate hikes could be boon for transition managers

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A quick jump in interest rates could lead some pension plans in LDI programs to use transition managers when moving assets to derisk.
Corporate pension funds reverse funding decline in July — 2 reports

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The funded status of the largest U.S. corporate pension plans rose in July, according to two reports.
Molson Coors to pour additional $200 million into U.S. pension plan in third quarter

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Molson Coors Brewing Co. expects to contribute between $300 million and $320 million total to its global pension plans.
150 billion in contributions make little dent in FTSE 100 pension funding – LCP

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Cash contributions of 150 billion over the past decade have had little impact on the total deficit of FTSE 100 companies, LCP reports.
U.K. pension deficits increase 4% in July, more pressure expected in future — report

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The total deficit of all U.K. corporate pension funds grew 4% over the month of July, but fell 29.1% over the year ended July 31.
International Paper plans $1.25 billion pension contribution this quarter

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International Paper Co. said it plans to make a $1.25 billion voluntary contribution to its U.S. defined benefit plan by Sept. 15.
Canadian plans adapting funding strategies, Aon Hewitt says

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Corporate and public DB plans are changing their funding strategies after legislative changes.
Boeing sets $3.5 billion pension fund contribution for third quarter

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Boeing Co. plans to contribute an additional $3.5 billion to its pension plans in the third quarter.
GKN freezes U.K. pension plans

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GKN PLC froze its two U.K. defined benefit funds. The freeze, made after discussions with the affected employees and unions, was effective July 1.
Conagra adds $150 million to U.S. pension plans

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Conagra Brands contributed $150 million to its U.S. pension plans.
Public plan funding not improving, study finds

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Public pension funding levels are not improving, despite recent investment gains, because plans are not addressing their unfunded liabilities.
Independent News & Media to contribute additional €50 million to DC plan

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Independent News & Media will contribute additional €50 million to its defined contribution plan by 2023.
Smaller funds see bigger change in funded status – GSAM report

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Smaller U.K. pension funds sustained declines in their funding levels almost five times larger than bigger funds in 2016.
FedEx to deliver $1 billion to U.S. pension plans

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FedEx Corp. plans to contribute $1 billion to its U.S. pension plans in fiscal year 2018.
Kroger announces plans for buyout, $1 billion contribution

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Kroger will make up to $1 billion in pension contributions in 2017.