Pension funding

Milliman: 100 largest corporate plans see more funding improvements in May

Milliman: 100 largest corporate plans see more funding improvements in May

The funded status of the 100 largest U.S. corporate defined benefit plans increased to 84.1% at the end of May, up 150 basis points from April, the Milliman 100 Pension Funding index showed.

June 04, 2015 | 02:40 pm
Mercer: S&P 1500 pension funding ratio inches up in May

Mercer: S&P 1500 pension funding ratio inches up in May

The aggregate funded status of defined benefit plans of S&P 1500 companies improved to 83% in May, up one percentage point from April and up nine percentage points from January.

June 03, 2015 | 12:21 pm
Corporate pension funding ratios rise in May — 2 reports

Corporate pension funding ratios rise in May — 2 reports

The funded status of U.S. corporate defined benefit plans improved in May as liabilities fell, said reports from BNY Mellon and Wilshire Consulting.

June 02, 2015 | 01:46 pm
Bill to reduce Chicago pension contributions goes to governor

Bill to reduce Chicago pension contributions goes to governor

A bill that reduces Chicago's pension contributions to its police and fire retirement systems in the near term passed the Illinois General Assembly.

June 01, 2015 | 03:20 pm

UBS: Russell 1000 companies see pension funding dip 6 percentage points in 2014

The funding ratio for pension plans sponsored by Russell 1000 companies declined six percentage points to 81% in 2014, said a report from UBS.

May 28, 2015 | 03:19 pm
Air Canada to opt out of pension funding agreement as surplus tops C$1 billion

Air Canada to opt out of pension funding agreement as surplus tops C$1 billion

Air Canada will opt out of a 2013 agreement with the Canadian government and Air Canada employees that required the airline to contribute an average of C$200 million ($166 million) annually to its...

May 27, 2015 | 01:39 pm
Maryland governor wants to spend more on pension underfunding

Maryland governor wants to spend more on pension underfunding

Maryland Gov. Larry Hogan said Thursday he will make an additional contribution toward the state's unfunded pension liability.

May 15, 2015 | 02:26 pm
S&P, Fitch downgrade Chicago debt — but not to junk

S&P, Fitch downgrade Chicago debt — but not to junk

Chicago's battered credit rating has taken another hit as Standard & Poor's said in a statement it lowered the status of the city's general obligation bonds two notches, to A- from A+.

May 15, 2015 | 11:13 am
UPDATED: Chicago's pension funds by the numbers

UPDATED: Chicago's pension funds by the numbers

On Tuesday, Moody's Investors Service downgraded the city of Chicago's credit rating to junk. In light of the Illinois Supreme Court's May 8 ruling that deemed the state's 2013 pension reform law...

May 13, 2015 | 02:55 pm

U.K. pension funding deficit falls 17% in April

The aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund’s 7800 index decreased 17.2% to £242.3 billion ($367 billion) in April as gilt yields rose.

May 12, 2015 | 12:12 pm

San Bernardino judge rejects bondholders' lawsuit over pension debt

Pension bondholders can't force the bankrupt California city of San Bernardino to pay them as much as the state's powerful retirement system, a judge ruled Monday.

May 12, 2015 | 11:40 am
Illinois' pension funds by the numbers

Illinois' pension funds by the numbers

In the past 10 years, Illinois' accrued unfunded liabilities have grown to more than $111 billion in 2014 from $38 billion.

May 11, 2015 | 04:30 pm

Milliman: Corporate funding ratios climb in April on discount rate rise

The funded status of the 100 largest U.S. corporate defined benefit plans improved to 82.6% at the end of April, up 170 basis points from March, the Milliman 100 Pension Funding index showed Thursday.

May 07, 2015 | 03:34 pm

Corporate pension funding ratio improves in April as liabilities fall

The funded status of U.S. corporate defined benefit plans improved in April on account of falling liabilities, said reports from Wilshire Consulting and Mercer.

May 06, 2015 | 12:37 pm

LV= Pension Fund taps BlackRock for liability hedging

LV= Pension Fund hired BlackRock to manage a liability-hedging strategy for the £1.2 billion pension fund ($1.8 billion).

May 06, 2015 | 12:23 pm