Corporate pensions

S&P 500 company pension funding ratio falls in 2014

S&P 500 company pension funding ratio falls in 2014

The funding ratio of pension plans sponsored by S&P 500 companies fell 6.7 percentage points to 81.2% in 2014, said new research from S&P Dow Jones Indices.

June 08, 2015 | 03:37 pm
Washington Post to freeze DB plan, close cash balance plan to new employees

Washington Post to freeze DB plan, close cash balance plan to new employees

The Washington Post and Washington-Baltimore Newspaper Guild have reached a tentative agreement on a new two-year contract that freezes the company’s traditional defined benefit plan and...

June 05, 2015 | 03:39 pm
Milliman: 100 largest corporate plans see more funding improvements in May

Milliman: 100 largest corporate plans see more funding improvements in May

The funded status of the 100 largest U.S. corporate defined benefit plans increased to 84.1% at the end of May, up 150 basis points from April, the Milliman 100 Pension Funding index showed.

June 04, 2015 | 02:40 pm
Mercer: S&P 1500 pension funding ratio inches up in May

Mercer: S&P 1500 pension funding ratio inches up in May

The aggregate funded status of defined benefit plans of S&P 1500 companies improved to 83% in May, up one percentage point from April and up nine percentage points from January.

June 03, 2015 | 12:21 pm

U.K. corporate pension funding steady in May

The total deficit of all U.K. corporate pension funds decreased 0.8% in May to £259 billion ($395.8 billion). A 0.3% increase in total liabilities to £1.54 trillion was more than offset...

June 01, 2015 | 01:48 pm

UBS: Russell 1000 companies see pension funding dip 6 percentage points in 2014

The funding ratio for pension plans sponsored by Russell 1000 companies declined six percentage points to 81% in 2014, said a report from UBS.

May 28, 2015 | 03:19 pm
Air Canada to opt out of pension funding agreement as surplus tops C$1 billion

Air Canada to opt out of pension funding agreement as surplus tops C$1 billion

Air Canada will opt out of a 2013 agreement with the Canadian government and Air Canada employees that required the airline to contribute an average of C$200 million ($166 million) annually to its...

May 27, 2015 | 01:39 pm

U.K.’s Pensions Regulator highlights importance of employer contributions to plug deficits

Pension funds that cannot afford to take higher risk to help plug growing deficits should turn to their employer for increased contributions, so they do not have to extend their recovery plan end...

May 22, 2015 | 01:15 pm

Corporate pension funds again top BNY Mellon Master Trust Universe

The median return of all plans in the BNY Mellon U.S. Master Trust Universe was 2.4% in the first quarter of 2015, up from 1.62% in the fourth quarter of 2014 and driven by strong returns in non-U.S. ...

May 20, 2015 | 01:36 pm

Penbridge unveils risk transfer index

Penbridge Advisors, a pension risk transfer advisory firm, has launched its Pension Risk Transfer index, which measures the typical premium an insurance company would charge a generic defined benefit ...

May 18, 2015
Verizon deal for AOL would add more than $600 million in DC plan assets

Verizon deal for AOL would add more than $600 million in DC plan assets

Verizon Communications Inc., New York, announced Tuesday it plans to purchase AOL Inc., New York, for about $4.4 billion in a deal that would add more than $600 million in assets to the...

May 12, 2015 | 12:27 pm

U.K. pension funding deficit falls 17% in April

The aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund’s 7800 index decreased 17.2% to £242.3 billion ($367 billion) in April as gilt yields rose.

May 12, 2015 | 12:12 pm
Ashland makes lump sum/annuity offer to 21,000 pension fund participants

Ashland makes lump sum/annuity offer to 21,000 pension fund participants

Ashland Inc. will offer lump sums or immediate reduced annuities to about 21,000 terminated vested pension fund participants who have yet to retire, said an 8-K filing with the Securities and...

May 08, 2015 | 05:32 pm

Milliman: Corporate funding ratios climb in April on discount rate rise

The funded status of the 100 largest U.S. corporate defined benefit plans improved to 82.6% at the end of April, up 170 basis points from March, the Milliman 100 Pension Funding index showed Thursday.

May 07, 2015 | 03:34 pm

Corporate pension funding ratio improves in April as liabilities fall

The funded status of U.S. corporate defined benefit plans improved in April on account of falling liabilities, said reports from Wilshire Consulting and Mercer.

May 06, 2015 | 12:37 pm