Flowers Foods Inc. announced in a Securities and Exchange Commission filing Wednesday it has made a voluntary lump-sum offer to about 2,500 terminated vested employees who are yet to retire.
November 13, 2014 | 11:31 am
United Parcel Service Inc. plans to make a $1 billion accelerated contribution to its defined benefit plans in the fourth quarter.
November 13, 2014 | 02:48 pm
The Makro Staff Pension Scheme completed a £185 million ($291.5 million) pension buy-in with Rothesay Life, said Emma Watkins, partner at Lane Clark & Peacock and lead adviser on the deal.
November 13, 2014 | 12:30 pm
Magnetek Inc. announced Wednesday that more than two-thirds of terminated vested participants in its defined benefit plan to whom the company offered a lump sum this fall have taken the offer.
November 13, 2014 | 11:37 am
The funded status of the 100 largest U.S. corporate defined benefit plans fell to 84.8% in October, down 30 basis points from the previous month, said the Milliman 100 Pension Funding index.
November 11, 2014 | 03:15 pm
Zurich Insurance Group Ltd. is proposing to harmonize pension benefits for all U.K. employees by freezing its defined benefit plan to future accruals, with the aim of safeguarding the sponsor against ...
November 11, 2014 | 02:16 pm
The median return of all plans in the Wilshire Trust Universe Comparison Service and BNY Mellon Trust Universe and was -0.84% and -0.83%, respectively, for the third quarter of 2014, the first...
November 10, 2014 | 04:29 pm
CTL Engineering Pension Scheme completed a full buyout with Aviva as part of an acquisition deal in which the pension fund’s sponsoring company, CTL Engineering Ltd., was involved.
November 10, 2014 | 01:38 pm
he funded status of U.S. corporate defined benefit plans was relatively unchanged in October, said monthly reports from BNY Mellon, Wilshire Consulting and Mercer.
November 05, 2014 | 03:51 pm
CNA Financial Corp. offered lump sums to about 11,000 former employees vested in its defined benefit plan.
November 03, 2014 | 03:46 pm
The insolvency rate of sponsoring employers with defined benefit plans that are eligible for inclusion in the U.K. Pension Protection Fund fell sharply over the nine months ended March 31.
October 30, 2014 | 03:42 pm
Corporate defined benefit plans edged out public pension plans and endowments and foundations in a quarter that saw weak performance overall, Northern Trust data shows.
October 30, 2014 | 03:21 pm
InvestorForce Plan Universes funds posted a median net return of -1.14% in the quarter ended Sept. 30. The median return gross of fees in the quarter was -1.03%.
October 30, 2014 | 02:20 pm
Boeing Co., Chicago, is offering an option of a lump-sum payout or an annuity to 40,000 former employees who have not yet retired, the first time the company has offered such choices from its...
October 28, 2014 | 02:59 pm
Hartford Financial Services Group Inc. offered lump sums to about 13,500 terminated vested participants in its frozen defined benefit plan.