Chicago Municipal Employees' Annuity & Benefit Fund is projected to be 90% funded by 2057 under an agreement announced Wednesday between city officials and unions representing pension fund...
August 03, 2016 | 04:08 pm
U.S. corporate pension plans' funded status rose about 1 percentage point in July, said reports from Mercer and Wilshire Consulting.
August 03, 2016 | 02:18 pm
According to an April 2014 Gallup poll, 59% of Americans worry they won't have enough money for retirement. As someone who researches and analyzes government financials, I worry about retirement...
July 25, 2016
A 62% rise in the deficit of the Bank of Ireland’s defined benefit funds, partly due to the outcome of the Brexit vote, is credit negative for the bank, warned Moody’s Investors Service.
July 18, 2016 | 01:57 pm
As nearly every American will tell you, retirement starts with a living wage and a stable pension. Eighty-two percent of Americans say a pension in general is worth having, according to the National...
July 18, 2016 | 12:09 pm
U.S. multiemployer pension plans were collectively underfunded by $337 billion at the end of 2014, an increase of 5.6% from 2013, Moody’s Investors Service officials estimated in an annual...
July 13, 2016 | 12:15 am
The total deficit of U.K. corporate pension funds covered by the Pension Protection Fund's 7800 index increased 30.2% for the month, and 83% in the year ended June 30, to £383.6 billion ($496.4 ...
July 12, 2016 | 11:16 am
A lawsuit brought by a group of former Delta Air Lines Inc. pilots against the Pension Benefit Guaranty Corp. can move forward, a U.S. District Court in Washington has ruled.
July 12, 2016 | 01:50 pm
The funded status of the 100 largest U.S. corporate pension plans fell 1.8 percentage points to 75.7% in June because of rising liabilities, the Milliman 100 Pension Funding index showed Friday.
July 08, 2016 | 03:42 pm
The funded status of U.S. corporate pension plans declined in June, the result of turbulent markets and rising liabilities following the Brexit vote, said reports from BNY Mellon and Mercer.
July 06, 2016 | 03:49 pm
The funding ratios for U.S. corporate defined benefit plans fell in the second quarter of 2016, said reports from Legal & General Investment Management America and Wilshire Consulting.
July 05, 2016 | 01:36 pm
Canadian public and corporate pension plans administered by Aon Hewitt had a median funded status of 85.4% as of June 30, up from 83.1% three months earlier.
July 05, 2016 | 02:58 pm
The total deficit of all private-sector pension funds in the U.K. increased 10% in June and 41.5% over the year ended June 30, to a record £341 billion ($465.5 billion) said JLT Employee...
July 01, 2016 | 11:13 am
The Illinois General Assembly voted Thursday to help prop up the $9.8 billion Chicago Public School Teachers' Pension & Retirement Fund with a one-time, roughly $200 million state pension...
June 30, 2016 | 06:16 pm
The New Jersey State Assembly on Monday voted to place a constitutional amendment before voters in November guaranteeing state contributions to the $70.9 billion New Jersey Pension Fund, Trenton, and ...