S&P Global Ratings downgraded Fort Worth's general obligation debt rating to AA from AA+ , citing the city's rising pension liabilities.
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%.
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.
Richard E. Daudelin was named vice president, treasury at Ingersoll-Rand PLC.
CalSTRS' funded status fell to 62.6% as of its June 30, 2017, actuarial valuation, down from 63.7% a year earlier.
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.
The Colorado General Assembly reached a compromise to pass a pension reform bill on the last day of the legislative session.
NISA Investment Advisors' Pension Surplus Risk index slid 90 basis points to 6.6% in April from 7.5% in March.
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 pension funds reached their highest funding level since 2008, according to Milliman's spring 2018 study.
Puerto Rico's debt crisis was caused by inadequate financial management and oversight, poor policy decisions and prolonged economic contraction, GAO says.
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.
The pension funding ratios of U.S. corporate pension plans inched up over the month of April, according to five reports.
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 Inc. will retain responsibility for the defined benefit fund of Asda Group Ltd., following a proposed sale of its subsidiary.