Corporate pensions

Pension smoothing part of Highway Trust Fund deal

Pension smoothing part of Highway Trust Fund deal

The House Ways and Means Committee late Tuesday proposed pension smoothing as part of a funding package for the Highway Trust Fund, which is projected to run out of money within weeks.

July 09, 2014 | 02:23 pm
PBGC puts reportable changes program on hold

PBGC puts reportable changes program on hold

Pension Benefit Guaranty Corp. declared a six-month moratorium Tuesday on a program that required employers to guarantee more pension assets in the event of major operational changes.

July 08, 2014 | 03:45 pm

U.K. pension funding deficit dips in June

The aggregate deficit of U.K. defined benefit occupational pension funds in the Pension Protection Fund's 7800 index decreased 8% in June to £109 billion ($186.6 billion).

July 08, 2014 | 01:27 pm

Mercer: S&P 1500 pension funding ticks up in June

The funded status of S&P 1500 companies with defined benefit pension plans rose one percentage point to 85% in June, said a monthly report from Mercer.

July 07, 2014 | 03:50 pm

BT Pension Scheme strikes record risk transfer deal

BT Pension Scheme, London, has entered into the largest longevity risk transfer deal, covering £16 billion ($27.4 billion) of liabilities in an arrangement that also saw the fund set up a...

July 04, 2014 | 07:49 am

Corporate pension plan funded status flat for quarter, up in June — 3 reports

The funded status of a typical U.S. corporate defined benefit pension plan remained relatively unchanged at slightly less than 90% in the second quarter, said Legal & General Investment Management...

July 02, 2014 | 03:54 pm

U.K. pension funds moving to fiduciary management — survey

More than two-thirds of U.K. corporate and public pension funds and their consultants surveyed on fiduciary management have implemented a partial or full fiduciary management arrangement, or are...

July 02, 2014 | 01:59 pm
U.K. corporate pension fund deficit rises 67% in past 12 months

U.K. corporate pension fund deficit rises 67% in past 12 months

The total deficit of U.K. corporate defined benefit pension funds increased 67% for the year ended June 30, despite a rise in total assets.

July 01, 2014 | 11:44 am
Lockheed Martin to freeze pension plan in 2016

Lockheed Martin to freeze pension plan in 2016

Lockheed Martin Corp., Bethesda, Md., will freeze its defined benefit pension plan in early 2016 and start shifting active salaried workers to an enhanced defined contribution program, the company...

July 01, 2014 | 03:56 pm

Canadian pension plans' funded status ticks up in 2nd quarter

Canadian defined benefit pension plans administered by Aon Hewitt had a median funded status of 96% as of June 26, up 0.6 percentage points from March 31 and up 19 percentage points from the end of...

June 30, 2014 | 02:58 pm

Aon to contribute $385 million to its worldwide pension funds in 2014

Aon PLC said it plans to contribute $385 million to its worldwide pension funds in 2014, down significantly from $523 million in 2013 and $638 million the year before that.

June 24, 2014 | 03:51 pm
U.K. surety bond deal gives new pension funding option

U.K. surety bond deal gives new pension funding option

A FTSE 100 company has become the first to make surety bonds part of the funding strategy for its defined benefit plan, a new option for corporate executives looking to make good on pension promises.

June 23, 2014
Funded status of 25 largest Canadian corporate pension plans soars in 2013

Funded status of 25 largest Canadian corporate pension plans soars in 2013

The 25 largest Canadian corporate pension plans were 97% funded in aggregate at the end of 2013, up from 86% in 2012, according to a report from Russell Investments.

June 12, 2014 | 12:31 pm

NCR Corp. makes lump-sum offer for U.S. retirees

NCR Corp. announced on Tuesday it will make a voluntary lump-sum offer to about 20,000 U.S. retirees.

June 10, 2014 | 05:36 pm
U.K. pension funding deficit rises in May

U.K. pension funding deficit rises in May

The aggregate deficit of U.K. defined benefit occupational pension funds in the Pension Protection Fund's 7800 index increased 5% in May to £118.2 billion ($198.1 billion).

June 10, 2014 | 02:05 pm