Four labor unions, along with active and retired city workers, filed a lawsuit Tuesday that argues a Chicago pension reform law violates Illinois' constitutional clause that pension benefits should...
December 16, 2014 | 03:58 pm
TRW Automotive Holdings Inc., Livonia, Mich., purchased a group annuity contract from MetLife Inc. in a $440 million transaction to provide pension benefits to more than 7,000 TRW retirees and...
December 16, 2014 | 12:48 pm
The aggregate deficit of occupational pension funds in the U.K. Pension Protection Fund’s 7800 index increased 34% to £221.1 billion ($346.7 billion) in November.
December 09, 2014 | 12:14 pm
The funded status of the 100 largest U.S. corporate defined benefit plans fell slightly in November as liabilities rose more than assets, the Milliman 100 Pension Funding index shows.
December 05, 2014 | 03:04 pm
The funded status of U.S. corporate defined benefit plans was relatively unchanged in November, said monthly reports from BNY Mellon Investment Management, Mercer and Wilshire Consulting.
December 03, 2014 | 01:32 pm
Deficits at U.K. corporate defined benefit plans increased 29.3% over the year ended Nov. 30, to £212 billion ($332.3 billion), as persistently low interest rates continued to increase...
December 01, 2014 | 01:26 pm
New Governmental Accounting Standards Board regulations have led to a big dip to an already-low funded status for the New Jersey Pension Fund.
November 26, 2014 | 03:59 pm
A Sangamon County Circuit Court judge ruled Friday that Illinois' pension reform law passed last year is unconstitutional.
November 21, 2014 | 02:55 pm
State public pension funds saw a decline in liabilities in fiscal year 2013, thanks to favorable investment performance and higher contribution levels, said Moody’s Investors Service.
November 20, 2014 | 05:19 pm
Multiemployer pension funds caused a record deficit for the Pension Benefit Guaranty Corp., its annual report shows.
November 18, 2014 | 04:02 pm
State employee retirement systems are underfunded by a total of $4.7 trillion for a funding ratio of 36%, said a report from State Budget Solutions, a non-profit organization advocating state budget...
November 12, 2014 | 02:25 pm
Multiemployer defined benefit plans in the construction industry saw some improvement in funding levels in the past 10 years, but continue to struggle with shifting demographics, said a new report by ...
November 12, 2014 | 01:58 pm
A high school teacher in Louisville, Ky., filed a lawsuit against the Kentucky Teachers' Retirement System, charging the Frankfort-based system with failing to adequately address its...
November 11, 2014 | 02:47 pm
The funded status of the 100 largest U.S. corporate defined benefit plans fell to 84.8% in October, down 30 basis points from the previous month, said the Milliman 100 Pension Funding index.
November 11, 2014 | 03:15 pm
The aggregate deficit of occupational pension funds in the U.K. Pension Protection Fund’s 7800 index increased 14.3% to £164.9 billion ($261.3 billion) in October.