Corporations that sponsor defined benefit plans closed to new employees got some good news Friday from the Internal Revenue Service, which granted relief from non-discrimination testing rules through ...
December 13, 2013 | 03:57 pm
Archdiocese of Philadelphia has decided to freeze its $478 million Lay Employees' Retirement Plan, and will start a defined contribution plan.
November 14, 2013 | 11:04 am
American Honda Motor Co. Inc. is closing its U.S. defined benefit plan to employees hired on or after Jan. 1, 2014.
September 13, 2013 | 12:01 pm
Unum Group, Chattanooga, Tenn., contributed $50 million to its U.S. defined benefit pension plan in the second quarter as part of the company's efforts to freeze the plan at the end of 2013.
August 06, 2013 | 02:45 pm
Clewiston, Fla., hired Securian Financial Group as bundled provider of its $7 million defined benefit plan and new 401(a) plan.
July 24, 2013 | 12:31 pm
Representatives from Detroit's two retirement funds began face-to-face talks with deputies of Kevyn Orr, the city's emergency fiscal manager, over his plan to cut pension benefits, which union...
July 11, 2013 | 03:57 pm
Chrysler Group LLC will freeze its U.S. defined benefit pension plans for salaried employees effective Dec. 31.
June 14, 2013 | 03:35 pm
Exelis Inc. will freeze its defined benefit pension plan covering salaried employees at the end of 2016 to complete a process it began in 2011, the McLean, Va.-based defense contractor said.
June 07, 2013 | 02:09 pm
Huntington Memorial Hospital hired Fidelity Investments as record keeper for its 403(b) plan.
May 15, 2013 | 03:36 pm
AXA Group is proposing to freeze its £3.28 billion ($5.08 billion) U.K. defined benefit pension fund, which has been closed to new members since 2003, according to a company spokeswoman.
April 30, 2013 | 11:08 am
The Florida Senate commissioned Milliman to conduct an actuarial study of the financial impact of closing the Florida Retirement System's defined benefit plan to some state employees
April 01, 2013 | 02:09 pm
Employers that thought closing their defined benefit plans to new employees would simplify their pension decisions could be in for a rude surprise as they increasingly risk flunking non-...
February 18, 2013
Macy's Inc., Cincinnati, will freeze its defined benefit pension plan as of Dec. 31, according to a recent SEC filing.
February 15, 2013 | 03:23 pm
More than one-third of corporate defined benefit plan sponsors are considering lump-sum payouts this year for retirees and vested former employees, up from 7% last year, according to a new survey by...
February 13, 2013 | 03:14 pm
Goodyear Tire & Rubber Co., Akron, Ohio, contributed $454 million to its U.S. pension plans in 2012 and announced plans for a liability-driven investing strategy for its U.S. pension plans.