Pension contributions

Kentucky governor vetoes pension bill allowing agencies to withdraw from state plan

Legislation

Legislation

Kentucky governor vetoed a bill that would have phased in increased pension contributions and given agencies a chance to withdraw from the state plan.
U.S. corporate pension funding ratios dip in March – 4 reports

PENSION FUNDS

PENSION FUNDS

U.S. corporate pension funding ratios dipped slightly to about 86% in March, according to four reports.
Judge rules Chicago Park District needs to return employee contributions

Courts

Courts

Chicago Park Employees' Annuity & Benefit Fund will return some employee contributions after a 2014 law was ruled unconstitutional.
Foot Locker to kick $128 million into U.S. pension plan this year

Contributions

Contributions

Foot Locker Inc. will make a $128 million contribution to its qualified U.S. pension plan this year.
Willis Towers Watson settles with Houston over actuarial work for firefighters pension plan

Courts

Courts

The city of Houston and Willis Towers Watson have agreed to a $40 million settlement following a lawsuit the city filed in 2014.
Increased contributions, strong markets help reduce FTSE 100 company pension deficits

Contributions

Contributions

Significant sponsoring employer contributions to FTSE 100 company pension funds helped drive a 32% reduction in the total deficit.
Melrose agrees to make £1 billion contribution to GKN pension funds if acquisition approved

Pension Funds

Pension Funds

Melrose Industries PLC agreed to contribute £1 billion to GKN PLC's U.K. pension funds should its acquisition be approved by shareholders.
2018 corporate pension contribution tally to top $32 billion

PENSION FUNDS

PENSION FUNDS

U.S. corporations expect to contribute more than $32 billion to their defined benefit plans in 2018.
New Jersey's budget would raise taxes on almost everything, pump up pension contribution

Pension Funds

Pension Funds

New Jersey Gov. Phil Murphy's budget proposal includes a record $3.2 billion payment to the state pension fund.
Colorado introduces legislation to improve state pension plan's funded status

LEGISLATION

LEGISLATION

The Colorado Senate introduced legislation to improve the funded status of the Colorado Public Employees' Retirement Association.
4 consultants report small moves in both directions for corporate pension funding in February

Pension Funds

Pension Funds

U.S. corporate pension funding ratios saw modest movement in February, according to monthly reports from Mercer, Wilshire Consulting, Milliman and Aon Hewitt.
MetLife expects to contribute $220 million to pension funds in 2018

Pension Funds

Pension Funds

MetLife Inc. will make a contribution this year of $150 million to its U.S. pension plan and $70 million to its U.S. non-qualified plans.
CenturyLink dials up $100 million contribution for pension plan

Contributions

Contributions

CenturyLink Inc. plans to make a voluntary contribution of $100 million to its qualified pension plan in 2018.
New Jersey acting treasurer reverses course, spreads rate of return cut over 5 years

Pension Funds

Pension Funds

The acting New Jersey treasurer revoked an assumed rate or return policy issued in December, substituting it for a gradual reduction to 7% over five years.
Exxon Mobil readies $1.21 billion contribution for global pension plans

CONTRIBUTIONS

CONTRIBUTIONS

Exxon Mobil Corp. plans to contribute $1.21 billion total to its global pension plans in 2018.