Pension funding

Public pension plan funding rises slightly in 2015 — report

Public pension plan funding rises slightly in 2015 — report

U.S. public pension plan funding levels saw modest improvement in 2015, rising to 74% from 73% the previous year, said a report released Thursday by the Center for State and Local Government...

June 16, 2016 | 03:37 pm
Moody's, S&P downgrade Illinois again as budget, pension liability concerns continue

Moody's, S&P downgrade Illinois again as budget, pension liability concerns continue

Moody’s Investors Service and Standard & Poor’s Ratings Services downgraded Illinois’ credit over concerns about the political gridlock that is impeding the state from getting its...

June 09, 2016 | 01:17 pm

BNY Mellon: Corporate pension funding rises slightly in quiet month

The funded status of the typical U.S. corporate defined benefit plan rose 30 basis points to 80.2% in May as assets rose faster than liabilities, said the BNY Mellon Institutional Scorecard on...

June 09, 2016 | 02:48 pm
NISA: Funded status volatility falls in May

NISA: Funded status volatility falls in May

NISA Investment Advisors' Pension Surplus Risk index fell 30 basis points in May to 8.8%, mainly due to a drop in return-seeking asset volatility.

June 08, 2016 | 12:08 pm

Corporate pension plans' funding held steady in May — 3 reports

The funded status for U.S. corporate pension plans remained relatively unchanged in May, said reports from Mercer, Wilshire Consulting and Legal & General Investment Management America.

June 03, 2016 | 03:09 pm
Puerto Rico pension risks insolvency next year, audit says

Puerto Rico pension risks insolvency next year, audit says

Puerto Rico's largest retirement plan will run out of money in about a year unless contributions to the system increase, according to the latest audited report.

June 03, 2016 | 11:18 am

Rockefeller Institute: Pension funding at greater risk with longer repayment schedules

Slower repayment of unfunded pension liabilities raises the risk that a pension plan will become severely underfunded and future taxpayers will be stuck with higher contributions, said a report...

June 02, 2016 | 03:46 pm
U.K. corporate pension funding deficits increase 5.4% in May to record level

U.K. corporate pension funding deficits increase 5.4% in May to record level

The total deficit of all corporate defined benefit funds in the U.K. increased 5.4% in May, to a record £310 billion ($453.7 billion) and by 21.6% for the year ended May 31, said JLT Employee...

June 01, 2016 | 12:19 pm
Illinois General Assembly overrides governor’s veto on Chicago police, fire pension relief bill

Illinois General Assembly overrides governor’s veto on Chicago police, fire pension relief bill

Chicago’s police and fire pension fund contributions will be reduced in the near term after the Illinois General Assembly overrode Gov. Bruce Rauner’s veto of the measure.

May 31, 2016 | 12:32 pm
Illinois governor vetoes bill to reduce Chicago fire, police pension contributions

Illinois governor vetoes bill to reduce Chicago fire, police pension contributions

Illinois Gov. Bruce Rauner vetoed Friday a bill that reduces Chicago's pension contributions to its police and fire retirement systems in the near term, nearly one year after the measure passed the...

May 27, 2016 | 06:35 pm

S&P downgrades Chicago water district bonds on pension liability concerns

Standard & Poor's Ratings Services lowered the Metropolitan Water Reclamation District of Greater Chicago's general-obligation debt rating to AA+ from AAA on Thursday, citing concerns over the...

May 27, 2016 | 12:59 pm
New Hampshire Retirement System lowers assumed rate of return to 7.25%

New Hampshire Retirement System lowers assumed rate of return to 7.25%

New Hampshire Retirement System, Concord, lowered its assumed rate of return to 7.25% from 7.75%, spokesman Marty Karlon said.

May 25, 2016 | 01:54 pm
N.Y. comptroller: Low pension fund returns will accelerate contribution levels

N.Y. comptroller: Low pension fund returns will accelerate contribution levels

Weaker than anticipated investment performance might force New York City to make higher than planned contributions to the city's retirement system starting in the 2018 fiscal year, said a report by...

May 24, 2016 | 04:24 pm

Chicago reaches new pension deal with laborers

Chicago Laborers' Annuity & Benefit Fund is projected to be 90% funded, from the current approximately 45%, by 2057, under an agreement announced Monday between city officials and the two unions...

May 23, 2016 | 05:41 pm

Arizona passes referendum to repeal benefit increases for public safety plan participants

Arizona voters overwhelmingly passed a referendum to modify pension benefits for existing participants in the $8 billion Arizona Public Safety Personnel Retirement System.

May 20, 2016 | 12:48 pm