Jon Stewart, on his “The Daily Show” on Comedy Central, discussed pension smoothing and how it helps the federal government raise tax revenue, Mr. Stewart concluded this is the first time ...
July 23, 2014 | 09:54 am
The measured value of liabilities for most defined benefit plans will increase between 3% and 8% with the adoption of new mortality tables, said a report from Wilshire Consulting.
July 23, 2014 | 10:17 am
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.