Pension contributions

Pension smoothing gets 'The Daily Show' treatment

Pension smoothing gets 'The Daily Show' treatment

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
New actuary tables may be 'nail in the coffin' for DB plans

New actuary tables may be 'nail in the coffin' for DB plans

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
Moody's: Highway bill pension changes could mean $51 billion less in contributions

Moody's: Highway bill pension changes could mean $51 billion less in contributions

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 to contribute $580 million to U.S. pension plans in 2015

FedEx to contribute $580 million to U.S. pension plans in 2015

FedEx Corp. said it expects to contribute $580 million to its U.S. pension plans in 2015.

July 14, 2014 | 05:33 pm
Pension smoothing part of Highway Trust Fund deal

Pension smoothing part of Highway Trust Fund deal

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 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