Pension funding

Pew: Public pension funding shortfall exceeds $960 billion

The funding shortfall of public-sector retirement systems increased by $54 billion in 2013 to reach $968 billion, said a brief released Tuesday by The Pew Charitable Trusts.

July 14, 2015 | 01:22 pm
Funding shortfall of U.K. occupational funds eases in June

Funding shortfall of U.K. occupational funds eases in June

The aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund's 7800 index decreased 7.5% to £223.1 billion ($346 billion) in June, as rising gilt yields...

July 14, 2015 | 11:36 am

Milliman: Corporate pension funding continues to climb in June

The funded status of the 100 largest U.S. corporate defined benefit plans improved to 85.6% at the end of June, up 150 basis points from May, the Milliman 100 Pension Funding index showed Thursday.

July 09, 2015 | 01:51 pm
Illinois governor unveils new pension reform bill

Illinois governor unveils new pension reform bill

Illinois Gov. Bruce Rauner announced Wednesday a bill aimed at reducing pension costs at the state, county and city levels.

July 08, 2015 | 06:37 pm

Majority of multiemployer plans well funded; 9% ‘critical and declining’ — survey

A majority of multiemployer pension funds continued to be in the well-funded “green zone” in calendar year 2015, according to Segal Consulting’s latest Survey of Plans’ Zone...

July 08, 2015 | 04:05 pm
Discount rate rises for fifth straight month, boosting corporate pension funding ratios — 2 reports

Discount rate rises for fifth straight month, boosting corporate pension funding ratios — 2 reports

The funded status of corporate defined benefit plans rose in June because of falling liabilities, said reports from BNY Mellon and Aon Hewitt.

July 07, 2015 | 04:08 pm
PBGC files liens against Times Publishing

PBGC files liens against Times Publishing

The PBGC filed liens against the Times Publishing Co., for $30.5 million in missed pension fund contributions and related interest and penalties.

July 07, 2015 | 03:37 pm
Corporate pension funding improves in June despite drop in asset values — 2 reports

Corporate pension funding improves in June despite drop in asset values — 2 reports

The funded status of U.S. corporate pension plans improved slightly in June, said two new reports released Monday.

July 06, 2015 | 02:56 pm

Corporate defined benefit funded status up for quarter, reports say

The funded status of a typical U.S. corporate pension plan rose in the second quarter of 2015 due to falling liabilities, said two new reports from Legal & General Investment Management America and...

July 02, 2015 | 02:31 pm
Options proposed for Chicago teachers pension fund payments

Options proposed for Chicago teachers pension fund payments

A series of proposals has been made to modify the way future payments are made to the Chicago Public School Teachers' Pension & Retirement Fund.

July 02, 2015 | 02:42 pm
U.S. state pension funding map

U.S. state pension funding map

See a heat map of state pension funding levels with additional information.

July 01, 2015 | 02:48 pm
States wrestle with pension issues as new fiscal year starts

States wrestle with pension issues as new fiscal year starts

Wednesday marks the first day of the new fiscal year for most states, including Illinois and Pennsylvania, where in spite of the date, 2016 fiscal year budgets have yet to be passed.

July 01, 2015 | 03:43 pm

Lane Clark: Secondary annuity transactions could help pension funds match liabilities

Defined benefit plans could buy up annuities on the secondary market to match changes in long-term interest rates and longevity, said pension fund consultant Lane Clark & Peacock.

June 24, 2015 | 02:48 pm

GSAM: Higher allocations to U.K. equities hurt FTSE 350 pension funding in 2014

A tendency to overallocate to domestic equities caused the defined benefit plans of the U.K.'s FTSE 350 companies to suffer in 2014, said Goldman Sachs Asset Management.

June 23, 2015 | 10:54 am

Public plans doing better on funding — study

Most public pension plans improved their funded status in 2014 and are likely to be more than 80% funded by 2018, according to a report released Friday by the Center for State and Local Government...

June 19, 2015 | 04:28 pm