Pension funding

S&P Global Ratings downgrades Fort Worth's debt rating because of pension liabilities

PENSION FUNDS

PENSION FUNDS

S&P Global Ratings downgraded Fort Worth's general obligation debt rating to AA from AA+ , citing the city's rising pension liabilities.
Discount rates outpace equity declines for corporate plans
Corporate pension plan discount rates jumped 41 basis points during the first quarter, driving the average plan funded status about 3 percentage points higher to 87.3%.
Milliman: U.S. public pension plans see funded status drop in first quarter

Pension Funds

Pension Funds

The aggregate funded status of the 100 largest U.S. public pension plans dropped to an estimated 71.4% as of March 31, down from 73.1% at year-end.

Pension Funds

Pension Funds

Richard E. Daudelin was named vice president, treasury at Ingersoll-Rand PLC.
CalSTRS funded status declines to 62.6% following rate-of-return decrease

Pension Funds

Pension Funds

CalSTRS' funded status fell to 62.6% as of its June 30, 2017, actuarial valuation, down from 63.7% a year earlier.
BT Group to contribute 4.5 billion to pension fund over 3 years as part of recovery plan

Pension Funds

Pension Funds

BT Group has agreed to a 13-year recovery plan with the trustee of the BT Pension Scheme to plug an 11.3 billion deficit.
Colorado passes pension reform, increasing contributions and retirement age

Legislation

Legislation

The Colorado General Assembly reached a compromise to pass a pension reform bill on the last day of the legislative session.
NISA Pension Surplus Risk index declines for second straight month

PENSION FUNDS

PENSION FUNDS

NISA Investment Advisors' Pension Surplus Risk index slid 90 basis points to 6.6% in April from 7.5% in March.
Commentary: Stress testing a critical need for public pension funds

INDUSTRY VOICES

INDUSTRY VOICES

To ensure viability and resistance to financial shocks, state pension plans should undertake annual stress-tests and sensitivity analyses and disclose the findings publicly.
Multiemployer plans better funded in 2017, Milliman study finds

Pension Funds

Pension Funds

Multiemployer pension funds reached their highest funding level since 2008, according to Milliman's spring 2018 study.
GAO highlights Puerto Rico debt crisis causes, possible steps

Economy

Economy

Puerto Rico's debt crisis was caused by inadequate financial management and oversight, poor policy decisions and prolonged economic contraction, GAO says.
PPF's latest 7800 index shows U.K. pension plans closer to full funding

Pension Funds

Pension Funds

The total deficit of all corporate defined benefit funds covered by the Pension Protection Fund's 7800 index fell 29.3% in April to 81.7 billion.
U.S. corporate pension funding increases in April – 5 reports

PENSION FUNDS

PENSION FUNDS

The pension funding ratios of U.S. corporate pension plans inched up over the month of April, according to five reports.
U.K. pension deficit falls as funding levels reach 95% in April – report

Pension Funds

Pension Funds

The total deficit of U.K. corporate defined benefit funds fell 40.5% for the month and 46.6% for the year ended April 30, to £78 billion.
Walmart to maintain DB plan for U.K. subsidiary after sale

Pension Funds

Pension Funds

Walmart Inc. will retain responsibility for the defined benefit fund of Asda Group Ltd., following a proposed sale of its subsidiary.