The funded status of the 100 largest U.S. corporate defined benefit plans improved slightly in September.
October 07, 2014 | 02:31 pm
Hewlett-Packard Inc.'s plan to split into two companies will affect its $45.4 billion in combined worldwide defined benefit and defined contribution assets.
October 06, 2014 | 03:08 pm
The funded status of defined benefit pension plans of S&P 1500 companies remained at 84% in September, said a monthly report from Mercer.
October 06, 2014 | 01:03 pm
Pension Protection Fund, London, will collect £635 million ($1 billion) in levies from qualifying employers for the 2015-’16 fiscal year, almost 9% less than the 2014-‘15 year...
October 06, 2014 | 01:00 pm
CONSOL Energy Inc. is freezing its $778 million defined benefit plan for certain employees, according to documents issued to plan participants and obtained by Pensions & Investments.
October 03, 2014 | 04:05 pm
U.S. corporate pension plans experienced a decline in funding ratios by the end of September as a result of slowing growth in assets unable to keep up with liability values.
October 03, 2014 | 03:28 pm
The funded status of a typical U.S. corporate defined benefit plan dropped to 89.9% in September, the lowest level since August 2013 when it was 88.1%, said the BNY Mellon Institutional Scorecard.
October 02, 2014 | 04:00 pm
Bristol-Myers Squibb Co. said it would settle $1.4 billion in pension obligations by purchasing a group annuity contract from Prudential Insurance Co. for approximately 8,000 retirees and...
September 30, 2014 | 06:30 pm
Canadian defined benefit plans administered by Aon Hewitt saw their funded status slip in the past three months, to a median 91.1% as of Sept. 26 from 96%.
September 30, 2014 | 04:00 pm
Motorola Solutions Inc.'s pension buyout, the third largest in U.S. history, was the fastest by a mile, taking less than six months from start to finish.
September 29, 2014
Assets in the U.K.’s private defined benefit market will decrease 6% by 2023, to £1.05 trillion ($1.8 trillion), says research company Spence Johnson.
September 29, 2014 | 02:47 pm
While Motorola Solutions Inc.’s activity last week was the most notable, three other companies also announced lump-sum offers.
September 29, 2014
Motorola Solutions Inc. entered into a pension buyout agreement with Prudential Insurance and will offer lump-sum payouts to terminated vested employees to reduce $4.2 billion in pension obligations.
September 25, 2014 | 09:48 am
The PBGC will take over the defined benefit plan of James River Coal Co., the agency announced Wednesday.
September 24, 2014 | 03:04 pm
The Washington Post’s parent company is freezing its defined benefit plan and transferring remaining participants to an existing cash balance plan, effective Jan. 1, 2015. The company is also...