Cook County Annuity & Benefit Fund, Chicago, would see its two public pension plans return to full funding in 30 years under a bill passed late Tuesday by the Illinois Senate. The bill now goes to...
May 27, 2014 | 05:33 pm
Reductions in state payments to the $76.8 billion New Jersey Pension Fund for the fiscal years ending June 30, 2014, and June 30, 2015, will represent the bulk of the state's efforts to overcome the...
May 21, 2014 | 04:23 pm
New Jersey Gov. Chris Christie said his administration is cutting the state's pension payments to $696 million this fiscal year and $681 million next fiscal year.
May 20, 2014 | 03:54 pm
California Gov. Edmund G. "Jerry" Brown Jr. revised his proposed budget for the fiscal year that begins July 1 that includes increasing annual contributions by the state, teachers and school...
May 13, 2014 | 04:15 pm
Delta Air Lines Inc. announced Tuesday its goal to reach an 80% funding ratio for its defined benefit pension plans by 2020.
May 06, 2014 | 12:17 pm
The funding ratio of S&P 1500 companies with defined benefit pension plans fell 1 percentage point to 84% in April, according to a monthly report from Mercer.
May 05, 2014 | 03:37 pm
Pension funding rule changes enacted by MAP-21 benefited well-funded plans as well as those that were less funded in 2012, according to an analysis released Monday by the Society of Actuaries.
April 28, 2014 | 04:01 pm
Boeing Co. reaffirmed it expects to contribute $750 million to its defined benefit pension plans later this year.
April 23, 2014 | 02:45 pm
The funding ratio of U.S. corporate defined benefit plans improved significantly in 2013 as a result of a strong global equity market and higher discount rates, according to an annual report from...
April 15, 2014 | 02:26 pm
Los Angeles should emulate Berkshire Hathaway Chairman Warren Buffett to curb a sixfold increase in city pension costs since 2003, a panel led by former U.S. Commerce Secretary Mickey Cantor...
April 10, 2014 | 03:35 pm
The Illinois Senate passed a pension reform bill aimed at improving the funding of two Chicago retirement funds for laborers and municipal workers.
April 09, 2014 | 01:11 pm
Chicago's effort to stabilize two of its pension funds won approval in the Illinois House of Representatives.
April 08, 2014 | 03:44 pm
Maryland lawmakers approved a fiscal 2015 budget that trims pension contributions aimed at improving the funded status of the $44 billion Maryland State Retirement & Pension System.
April 07, 2014 | 03:02 pm
Illinois' five state retirement systems would receive more than $6 billion in state contributions combined in the next fiscal year, beginning July 1, up 4.3% from the current fiscal year, according...
March 26, 2014 | 04:10 pm
The Maryland Senate on Wednesday approved a fiscal 2015 budget that significantly reduces pension contributions aimed at improving the funded status of the $44 billion Maryland State Retirement &...