Pension contributions

Ontario utility pension funds unstable, government report says

Ontario utility pension funds unstable, government report says

Ontario’s four government-run energy-sector pension plans with a combined C$15.8 billion (US$14.5 billion) in assets are unstable and don’t have strategies to handle future deficits if...

August 04, 2014 | 04:17 pm
Church-plan status under increased scrutiny

Church-plan status under increased scrutiny

A growing number of lawsuits and some key court rulings are making it harder for church-affiliated defined benefit plans to be exempt from the Employee Retirement Income Security Act.

August 04, 2014
Senate passes House version of highway bill

Senate passes House version of highway bill

The U.S. Senate approved on Thursday the House version of a highway funding bill that includes more generous pension funding calculations.

August 01, 2014 | 12:06 pm
 American Airlines to contribute additional $600 million to pension plans

American Airlines to contribute additional $600 million to pension plans

American Airlines Group Inc. expects to contribute an additional $600 million to its defined benefit plans in 2014, said the company's second-quarter earnings report filed Thursday.

July 24, 2014 | 04:08 pm
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