Pension funding

Congress must address public pension plan unfunding

Congress must address public pension plan unfunding

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
Moody’s says Bank of Ireland’s rising pension deficit is credit negative

Moody’s says Bank of Ireland’s rising pension deficit is credit negative

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
Working for a fair economy, fair deal

Working for a fair economy, fair deal

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

Moody’s: U.S. multiemployer pension plans’ funding deficit rises 5.6% in 2014

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
U.K. pension funding deficit jumps in June

U.K. pension funding deficit jumps in June

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
Delta pilots case against PBGC advances

Delta pilots case against PBGC advances

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

Corporate pension plans’ funded status falls in June — Milliman

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

Corporate pension funding ratios plunge in June to lowest reading in 2016

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
U.S. corporate pension funding drops in second quarter

U.S. corporate pension funding drops in second quarter

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 plans' funded status up for Q2, but down year-over-year

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

Deficit rises for U.K. private-sector pension funds

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
Illinois stopgap budget to include state contribution to Chicago Public School Teachers' fund

Illinois stopgap budget to include state contribution to Chicago Public School Teachers' fund

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
New Jersey amendment guaranteeing pension contributions moves closer to ballot

New Jersey amendment guaranteeing pension contributions moves closer to ballot

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 ...

June 28, 2016 | 12:05 pm
LDI, bigger contributions likely for corporate DB plans

LDI, bigger contributions likely for corporate DB plans

Corporate defined benefit plan sponsors likely will step up allocations to liability-driven investing and raise pension contributions in coming months, according to pension strategists.

June 27, 2016
Intergenerational fairness

Intergenerational fairness

Defined benefit pension plan sponsors and boards must take into account intergenerational equity to ensure fairness of their decisions across generations.

June 27, 2016