Pension contributions

Pennsylvania governor refuses to sign state budget without pension cuts

Pennsylvania governor refuses to sign state budget without pension cuts

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
Gov. Christie vetoes full pension payment in state budget

Gov. Christie vetoes full pension payment in state budget

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 to contribute $385 million to its worldwide pension funds in 2014

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

Hearing on proposed sale of Philadelphia Gas Works postponed

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
N.J. Senate Democrats' budget plan includes full pension payment

N.J. Senate Democrats' budget plan includes full pension payment

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 governor signs Chicago pension reform bill

Illinois governor signs Chicago pension reform bill

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
Michigan auto companies contribute to Detroit pension 'grand bargain'

Michigan auto companies contribute to Detroit pension 'grand bargain'

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

Mercer: FTSE 350 companies' aggregate pension deficit rises

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
New Jersey unions file lawsuit over reduced pension contributions

New Jersey unions file lawsuit over reduced pension contributions

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

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