Pension contributions

N.J. governor's budgeted pension contribution less than half of amount promised

N.J. governor's budgeted pension contribution less than half of amount promised

New Jersey Gov. Chris Christie proposed a fiscal year 2016 budget Tuesday that cuts a promised pension payment by more than half a day after a judge ruled he must contribute an additional $1.6...

February 24, 2015 | 12:26 pm
AT&T dials up $735 million pension fund contribution

AT&T dials up $735 million pension fund contribution

AT&T Inc., Dallas, plans to contribute $735 million to its pension funds in 2015.

February 24, 2015 | 04:17 pm

Prudential Financial, Xcel Energy report 2015 pension contributions

Prudential Financial Inc. plans to contribute $125 million to its pension funds in 2015, while Xcel Energy Inc. contributed $90 million to its U.S. defined benefit plans in January to meet minimum...

February 24, 2015 | 03:30 pm
AIG to contribute $173 million to global pension funds in 2015

AIG to contribute $173 million to global pension funds in 2015

American International Group Inc., New York, plans to contribute about $173 million total to its global pension funds in 2015.

February 24, 2015 | 03:13 pm

Kentucky House passes bill to issue $3.3 billion in pension obligation bonds

The Kentucky House of Representatives passed a bill to issue $3.3 billion in pension obligation bonds in fiscal year 2015-2016 to improve the funding of the Kentucky Teachers’ Retirement System.

February 24, 2015 | 03:06 pm
Corporate pension funds weigh derisking vs. re-risking

Corporate pension funds weigh derisking vs. re-risking

Corporate plan sponsors on both sides of the Atlantic are pushing back against the ramifications of lower interest rates, tipping a balance to re-risking from a derisking glidepath, say money...

February 23, 2015
Kraft Food Groups to dish out $195 million in pension contributions for 2015

Kraft Food Groups to dish out $195 million in pension contributions for 2015

Kraft Food Groups Inc., Northfield, Ill., expects to contribute about $195 million total to its defined benefit plans in 2015, the company's recently filed 10-K shows.

February 20, 2015 | 12:17 pm
Alcoa to contribute $485 million to pension funds

Alcoa to contribute $485 million to pension funds

Alcoa Inc., Pittsburgh, expects to make a total of $485 million in contributions to its global pension funds in 2015, of which $380 million is for its U.S. plans.

February 20, 2015 | 03:54 pm
Chevron slates $600 million in contributions to worldwide pension funds

Chevron slates $600 million in contributions to worldwide pension funds

Chevron Corp., San Ramon, Calif., expects to contribute about $350 million to its U.S. defined benefit plan and $250 million to its international pension funds in 2015, the company said in its 10-K...

February 20, 2015 | 02:39 pm
Consolidated Edison powers up $756 million pension contribution

Consolidated Edison powers up $756 million pension contribution

Consolidated Edison Inc., New York, plans to contribute $756 million to its defined benefit plan in 2015, according to the company's 10-K filing.

February 20, 2015 | 01:47 pm
Mondelez International plans $529 million in worldwide pension contributions

Mondelez International plans $529 million in worldwide pension contributions

Mondelez International Inc., Deerfield, Ill., plans to contribute $529 million total to its defined benefit plans in 2015, said the company’s 10-K filed Friday.

February 20, 2015 | 02:28 pm

Pinnacle West charts $300 million in pension contributions over next 3 years

Pinnacle West Capital Corp., Phoenix, plans to make voluntary contributions to its pension fund totaling up to $300 million over the next three years, said Paul Mountain, director, investor relations.

February 20, 2015 | 12:31 pm
Eli Lilly looks to contribute $310 million to its global pension funds this year

Eli Lilly looks to contribute $310 million to its global pension funds this year

Eli Lilly & Co. Inc., Indianapolis, plans to contribute about $310 million to its global defined benefit plans in 2015, of which about $40 million is required to meet minimum funding requirements for ...

February 20, 2015 | 12:27 pm
Allstate, NiSource plan pension contribution for 2015

Allstate, NiSource plan pension contribution for 2015

Allstate Corp., Northbrook, Ill., is expected to contribute $127 million total to its U.S. and Canadian pension funds in 2015.

February 19, 2015 | 01:32 pm

Society of Actuaries: Expect long-term increase to minimum required contributions

Minimum required contributions for private-sector defined benefit plans have dipped in recent years, but are poised to rise again in the long term, the Society of Actuaries said.

February 18, 2015 | 04:21 pm