Sponsors of defined benefit pension plans will be allowed to defer $51 billion in pension contributions under legislation approved July 15 by the House as part of the bill extending the Highway Trust ...
July 21, 2014 | 03:43 pm
FedEx Corp. said it expects to contribute $580 million to its U.S. pension plans in 2015.
July 14, 2014 | 05:33 pm
The House Ways and Means Committee late Tuesday proposed pension smoothing as part of a funding package for the Highway Trust Fund, which is projected to run out of money within weeks.
July 09, 2014 | 02:23 pm
Pennsylvania Gov. Tom Corbett refused to sign the $29.1 billion state budget plan for the 2014-2015 fiscal year passed Monday by the General Assembly because it did not address pension costs.
July 01, 2014 | 04:05 pm
New Jersey Gov. Chris Christie signed a $32.5 billion state budget for the fiscal year that started Tuesday, making good on comments that he would veto new taxes and would withhold most payments to...
July 01, 2014 | 01:03 pm
Aon PLC said it plans to contribute $385 million to its worldwide pension funds in 2014, down significantly from $523 million in 2013 and $638 million the year before that.
June 24, 2014 | 03:51 pm
Philadelphia City Council did not schedule hearings on the proposed sale of Philadelphia Gas Works to UIL Holdings Corp.
June 20, 2014 | 06:09 pm
New Jersey Senate Democrats proposed a rival budget plan to Gov. Chris Christie's that would make a full pension payment while raising taxes on corporations and the wealthy.
June 18, 2014 | 04:11 pm
Illinois Gov. Pat Quinn signed a pension reform bill Monday aimed at improving the funding of Chicago's pension funds for laborers and municipal workers.
June 09, 2014 | 06:03 pm
Three auto companies pledged a total of $26 million on Monday as part of the so-called “grand bargain” — monetary pledges from outside parties — that will keep pension cuts to ...
June 09, 2014 | 04:18 pm
The aggregate defined benefit pension fund accounting deficit for FTSE 350 companies increased 2% in May from the end of April to £113 billion ($189.8 billion).
June 09, 2014 | 04:06 pm
Three New Jersey state troopers unions filed a lawsuit Thursday against New Jersey Gov. Chris Christie, Treasurer Andrew Sidamon-Eristoff and the state Legislature, charging that state reductions in...
June 06, 2014 | 02:06 pm
The funded status of corporate defined benefit plans was relatively flat in May with rising liabilities offsetting asset returns, according to three monthly funded status reports.
June 04, 2014 | 04:33 pm
The state of Michigan will pony up $195 million toward Detroit's effort to get out of Chapter 9 bankruptcy protection by October.
June 04, 2014 | 04:06 pm
Tennessee Gov. Bill Haslam signed legislation on Wednesday that will require some local governments in the state to increase contributions to their pension funds.