Corporate pensions

Kimberly-Clark enters into pension buyout, reduces $2.5 billion in liabilities

Kimberly-Clark enters into pension buyout, reduces $2.5 billion in liabilities

Kimberly-Clark Corp. announced Monday it has purchased group annuity contracts from Massachusetts Mutual Life Insurance Co. and Prudential Insurance Co. of America to transfer defined benefit plan...

February 23, 2015 | 09:54 am
Kraft Food Groups to dish out $195 million in pension contributions for 2015

Kraft Food Groups to dish out $195 million in pension contributions for 2015

Kraft Food Groups Inc., Northfield, Ill., expects to contribute about $195 million total to its defined benefit plans in 2015, the company's recently filed 10-K shows.

February 20, 2015 | 12:17 pm
Alcoa to contribute $485 million to pension funds

Alcoa to contribute $485 million to pension funds

Alcoa Inc., Pittsburgh, expects to make a total of $485 million in contributions to its global pension funds in 2015, of which $380 million is for its U.S. plans.

February 20, 2015 | 03:54 pm
Chevron slates $600 million in contributions to worldwide pension funds

Chevron slates $600 million in contributions to worldwide pension funds

Chevron Corp., San Ramon, Calif., expects to contribute about $350 million to its U.S. defined benefit plan and $250 million to its international pension funds in 2015, the company said in its 10-K...

February 20, 2015 | 02:39 pm
Consolidated Edison powers up $756 million pension contribution

Consolidated Edison powers up $756 million pension contribution

Consolidated Edison Inc., New York, plans to contribute $756 million to its defined benefit plan in 2015, according to the company's 10-K filing.

February 20, 2015 | 01:47 pm
Mondelez International plans $529 million in worldwide pension contributions

Mondelez International plans $529 million in worldwide pension contributions

Mondelez International Inc., Deerfield, Ill., plans to contribute $529 million total to its defined benefit plans in 2015, said the company’s 10-K filed Friday.

February 20, 2015 | 02:28 pm

Pinnacle West charts $300 million in pension contributions over next 3 years

Pinnacle West Capital Corp., Phoenix, plans to make voluntary contributions to its pension fund totaling up to $300 million over the next three years, said Paul Mountain, director, investor relations.

February 20, 2015 | 12:31 pm
Eli Lilly looks to contribute $310 million to its global pension funds this year

Eli Lilly looks to contribute $310 million to its global pension funds this year

Eli Lilly & Co. Inc., Indianapolis, plans to contribute about $310 million to its global defined benefit plans in 2015, of which about $40 million is required to meet minimum funding requirements for ...

February 20, 2015 | 12:27 pm
Allstate, NiSource plan pension contribution for 2015

Allstate, NiSource plan pension contribution for 2015

Allstate Corp., Northbrook, Ill., is expected to contribute $127 million total to its U.S. and Canadian pension funds in 2015.

February 19, 2015 | 01:32 pm

Society of Actuaries: Expect long-term increase to minimum required contributions

Minimum required contributions for private-sector defined benefit plans have dipped in recent years, but are poised to rise again in the long term, the Society of Actuaries said.

February 18, 2015 | 04:21 pm
Kimberly-Clark continues move to fixed income, sets pension contributions of $100 million

Kimberly-Clark continues move to fixed income, sets pension contributions of $100 million

Kimberly-Clark Corp., Dallas, will increase its fixed-income allocation by five percentage points to 75% in 2015.

February 18, 2015 | 04:06 pm
Caterpillar plans $190 million contribution to global pension funds

Caterpillar plans $190 million contribution to global pension funds

Caterpillar Inc., Peoria, Ill., plans to contribute $190 million to its defined benefit plans in 2015, the company's recently filed 10-K shows.

February 18, 2015 | 01:56 pm
FirstEnergy, Goodyear announce 2015 pension contributions

FirstEnergy, Goodyear announce 2015 pension contributions

Two Akron, Ohio-based companies announced upcoming pension fund contributions in their 10-K filings Tuesday.

February 18, 2015 | 01:15 pm
Exelon, Illinois Tool Works, CBS set pension contributions for 2015

Exelon, Illinois Tool Works, CBS set pension contributions for 2015

Exelon Corp. and its subsidiaries plan to contribute $447 million total to its qualified defined benefit plans in 2015, while Illinois Tool Works Inc. expects to contribute about $100 million to its...

February 17, 2015 | 02:31 pm
DTE Energy charts $180 million in pension contributions

DTE Energy charts $180 million in pension contributions

DTE Energy Co., Detroit, said it expects to make up to $180 million in contributions to its defined benefit plans in 2015. The company contributed $188 million to its pension funds in 2014.

February 17, 2015 | 12:33 pm