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.
February 12, 2013 | 03:11 pm
Pitney Bowes Inc. will freeze two defined benefit pension plans for participants with less than 16 years of service as of March 31, confirmed spokesman Matthew Broder.
February 01, 2013 | 07:14 pm
Anixter International Inc. will freeze its U.S. defined benefit pension plan at the end of 2013 in an effort to reduce pension costs and volatility.
January 30, 2013 | 01:35 pm
U.K. corporate defined benefit pension plans are closing at the fastest pace since 2005, with only 13% of DB funds open to new employees in 2012 compared to 19% the previous year, according to an...
January 27, 2013 | 07:00 pm
Sears Holdings Corp.’s employee pension fund Wednesday sold a portion of the $250 million in company debt that it bought more than two years ago to help fund lump-sum payments to retirees.
January 23, 2013 | 03:59 pm
Pensacola (Fla.) Police Officers' Retirement Fund will be closed to new hires effective Jan. 1.
December 28, 2012 | 12:06 pm
A group of senior pilots at American Airlines on Monday asked the judge overseeing parent AMR Corp's Chapter 11 bankruptcy case to withhold approval of a new labor agreement that would eliminate the...
December 17, 2012 | 05:36 pm
American Airlines Inc. parent AMR Corp. has asked a federal bankruptcy court in New York for permission to allow the airline to amend its frozen pilots' pension plan so that retiring pilots cannot...