Corporate pensions
PBGC bares fangs in deals that could end in DB plan terminations
Increasingly sophisticated deal financing involving companies with large pension liabilities is spurring the Pension Benefit Guaranty Corp. to play a more active role in the process.
May 27, 2013
UPS gets best of both worlds with fund-of-funds platform
United Parcel Service Inc. combined investment insourcing with operational outsourcing in building its fledgling opportunistic hedge fund of funds for its U.S. defined benefit plans.
May 27, 2013
Towers Watson: Corporate DB plans perform better than DC counterparts
Corporate defined benefit plans outperformed defined contribution plans in 2011 by the widest margin in more than 15 years, according to an analysis by Towers Watson.
May 22, 2013 | 09:00 am
U.K. Supreme Court to decide if pension claims trump others' in bankruptcy cases
The U.K. Supreme Court on Tuesday began hearing parallel cases challenging whether pension funds of insolvent companies have priority claim over other creditors.
May 14, 2013 | 02:39 pm
U.K. corporate plans' aggregate deficit worst since 2007
The aggregate funded status of FTSE 350 corporate pension funds dropped two percentage points in April to 84%, according to a report from Mercer.
May 13, 2013 | 03:25 pm
Panasonic to shift retirement benefits program to DC from DB
Panasonic Corp., the Japanese electronics giant, announced Friday it would change its retirement benefits program to a defined contribution plan from its current defined benefit plan.
May 10, 2013 | 07:06 am
PBGC takes over Noble Health Systems pension plan
The PBGC will take over the defined benefit fund of Noble Health Systems Inc., Westfield, Mass., the agency announced Thursday.
May 09, 2013 | 03:43 pm
Corporate plans' funded status down in April, Milliman finds
Funded status of 100 largest U.S. corporate pension plans fell in April to 81.2% from 82.8% at the end of March, according to the latest Milliman 100 Pension Funding Index.
May 09, 2013 | 02:13 pm
Delta to contribute additional $1 billion over five years to pension funds
Delta Air Lines Inc., Atlanta, plans to contribute an additional $1 billion to its defined benefit pension plans over the next five years, according to an 8-K filing with the Securities and Exchange...
May 08, 2013 | 03:26 pm
Wilshire TUCS: Master trusts gain in Q1, year
Master trusts in the Wilshire Trust Universe Comparison Service had a median 4.77% return in the first quarter and 9.72% for the year ended March 31.
May 07, 2013 | 03:12 pm
Contributions play key role in funded status winners
P&I's April 29 special report analyzed the largest U.S. corporate defined benefit pension plans. Over the past five ...
May 07, 2013 | 10:43 am
Mercer: S&P 1500 pension funding dips in April after 6 months of improvement
The aggregate funded status of S&P 1500 companies' pension plans dropped two percentage points in April as the discount rate dipped toward historic lows, according to Mercer's monthly funded status...
May 06, 2013 | 01:17 pm
Newell Rubbermaid adds $100 million to U.S. pension plan
Newell Rubbermaid Inc., Atlanta, made a $100 million contribution to the company's primary U.S. pension plan during the first quarter of 2013.
May 03, 2013 | 03:37 pm
AXA looks to freeze U.K. pension fund
AXA Group is proposing to freeze its £3.28 billion ($5.08 billion) U.K. defined benefit pension fund, which has been closed to new members since 2003, according to a company spokeswoman.
April 30, 2013 | 11:08 am
Eastman Kodak to sell 2 units to U.K. pension fund
Eastman Kodak Co., Rochester, N.Y., agreed to spin off two business units to the £1 billion ($1.5 billion) U.K. Kodak Pension Plan, its largest creditor.
