Pension contributions

Little funded status movement in May — 3 reports

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
Michigan Legislature approves $195 million Detroit contribution

Michigan Legislature approves $195 million Detroit contribution

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
New Tennessee law requires full pension contributions by local governments

New Tennessee law requires full pension contributions by local governments

Tennessee Gov. Bill Haslam signed legislation on Wednesday that will require some local governments in the state to increase contributions to their pension funds.

May 29, 2014 | 02:45 pm

Illinois Senate passes bill to fully fund Cook County pension fund in 30 years

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
Reducing pension fund contributions makes up most of N.J. budget balancing, treasurer says

Reducing pension fund contributions makes up most of N.J. budget balancing, treasurer says

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
Gov. Christie slashes pension contributions

Gov. Christie slashes pension contributions

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
Gov. Brown proposes increasing CalSTRS contributions

Gov. Brown proposes increasing CalSTRS contributions

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 charts $1 billion in annual pension contributions through 2020

Delta charts $1 billion in annual pension contributions through 2020

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

Mercer: S&P 1500 funded status falls slightly in April

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
Society of Actuaries gauges MAP-21 use

Society of Actuaries gauges MAP-21 use

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 remains on track for $750 million in pension contributions

Boeing remains on track for $750 million in pension contributions

Boeing Co. reaffirmed it expects to contribute $750 million to its defined benefit pension plans later this year.

April 23, 2014 | 02:45 pm
Wilshire: S&P 500 company pension plans' funding ratio jumps to nearly 90% in 2013

Wilshire: S&P 500 company pension plans' funding ratio jumps to nearly 90% in 2013

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 needs Warren Buffett model for pension plans, panel says

Los Angeles needs Warren Buffett model for pension plans, panel says

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
Chicago pension reform measure passes Illinois Legislature

Chicago pension reform measure passes Illinois Legislature

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
 Illinois House approves measure to repair Chicago pension plans

Illinois House approves measure to repair Chicago pension plans

Chicago's effort to stabilize two of its pension funds won approval in the Illinois House of Representatives.

April 08, 2014 | 03:44 pm