Pension funding

Universities Superannuation Scheme could increase contribution rates to plug deficit

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Proposed assumptions for the 2017 valuation of the Universities Superannuation Scheme could require an increase in contributions.
Illinois school funding bill provides more state help toward Chicago teachers' pension contributions

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A school funding bill passed by the Illinois Legislature will result in additional contributions for the Chicago teachers' pension fund.
U.K. corporate pension funds see rising deficit in 2016 despite better returns, higher contributions

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Total pension liabilities at FTSE 100 companies grew 16% in 2016 to 681 billion ($876 billion) from 586 billion.
Corporate plan return expectations slide again

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Expected returns declined among corporate pension plans in seven major economies observed by Willis Towers Watson.
Puerto Rico governor signs pension reform law

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Puerto Rico has passed pension reforms that include making payments to the depleted DB system from general revenues, and creating a DC plan.
S&P Global Ratings raises New Jersey credit outlook on lottery deal for pension fund

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New Jersey's credit outlook was raised Friday by S&P Global Ratings to stable from negative.
Sears transfers $512 million in pension liabilities in second annuity buyout with MetLife

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Sears Holdings Corp. purchased a second group annuity contract from MetLife to transfer about $512 million in pension liabilities.
Funding for largest public pension plans inches up in quarter

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The collective funded status of the 100 largest public pension funds rose to 73% as of June 30.
Cheiron finds 114 multiemployer plans heading to insolvency

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The first post-MPRA look at plans designated "critical and declining" shows a possible 114 plans with 1.3 million participants at risk.
Most multiemployer plans remain well-funded – Segal Consulting survey

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The majority of multiemployer pension plans are well funded, with 65% of them funded 80% or better.
Energy firm SSE enters into 2 buy-ins, longevity swap

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SSE PLC, Perth, Scotland, completed two buy-ins and a longevity swap to hedge 1.15 billion in longevity risk.
S&P: U.S. corporate pension funding dips in 2016

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The aggregate funding ratio of U.S. corporate pension plans in the S&P 500 fell 70 basis points in 2016.
U.K. corporate pension funds see funding improvement in July

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The total deficit of U.K. defined benefit funds covered by the Pension Protection Fund's 7800 index fell 3.3% in July.
NISA: Pension Surplus Risk index continues to fall

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NISA Investment Advisors' Pension Surplus Risk index dropped another 40 basis points in July to 6.7%.
Corporate pension funds reverse funding decline in July — 2 reports

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The funded status of the largest U.S. corporate pension plans rose in July, according to two reports.