Pension funding

Moody's downgrades Chicago's credit rating on pension liability concerns

Moody's downgrades Chicago's credit rating on pension liability concerns

Moody's Investors Service downgraded Chicago's credit rating to Baa2 on Friday, citing concerns over the city's “highly elevated” unfunded pension liabilities.

February 27, 2015 | 04:03 pm
Corporate pension funds weigh derisking vs. re-risking

Corporate pension funds weigh derisking vs. re-risking

Corporate plan sponsors on both sides of the Atlantic are pushing back against the ramifications of lower interest rates, tipping a balance to re-risking from a derisking glidepath, say money...

February 23, 2015
Kraft Food Groups to dish out $195 million in pension contributions for 2015

Kraft Food Groups to dish out $195 million in pension contributions for 2015

Kraft Food Groups Inc., Northfield, Ill., expects to contribute about $195 million total to its defined benefit plans in 2015, the company's recently filed 10-K shows.

February 20, 2015 | 12:17 pm
Chevron slates $600 million in contributions to worldwide pension funds

Chevron slates $600 million in contributions to worldwide pension funds

Chevron Corp., San Ramon, Calif., expects to contribute about $350 million to its U.S. defined benefit plan and $250 million to its international pension funds in 2015, the company said in its 10-K...

February 20, 2015 | 02:39 pm
Consolidated Edison powers up $756 million pension contribution

Consolidated Edison powers up $756 million pension contribution

Consolidated Edison Inc., New York, plans to contribute $756 million to its defined benefit plan in 2015, according to the company's 10-K filing.

February 20, 2015 | 01:47 pm
Mondelez International plans $529 million in worldwide pension contributions

Mondelez International plans $529 million in worldwide pension contributions

Mondelez International Inc., Deerfield, Ill., plans to contribute $529 million total to its defined benefit plans in 2015, said the company’s 10-K filed Friday.

February 20, 2015 | 02:28 pm

Pinnacle West charts $300 million in pension contributions over next 3 years

Pinnacle West Capital Corp., Phoenix, plans to make voluntary contributions to its pension fund totaling up to $300 million over the next three years, said Paul Mountain, director, investor relations.

February 20, 2015 | 12:31 pm
Eli Lilly looks to contribute $310 million to its global pension funds this year

Eli Lilly looks to contribute $310 million to its global pension funds this year

Eli Lilly & Co. Inc., Indianapolis, plans to contribute about $310 million to its global defined benefit plans in 2015, of which about $40 million is required to meet minimum funding requirements for ...

February 20, 2015 | 12:27 pm
Allstate, NiSource plan pension contribution for 2015

Allstate, NiSource plan pension contribution for 2015

Allstate Corp., Northbrook, Ill., is expected to contribute $127 million total to its U.S. and Canadian pension funds in 2015.

February 19, 2015 | 01:32 pm

Society of Actuaries: Expect long-term increase to minimum required contributions

Minimum required contributions for private-sector defined benefit plans have dipped in recent years, but are poised to rise again in the long term, the Society of Actuaries said.

February 18, 2015 | 04:21 pm
Kimberly-Clark continues move to fixed income, sets pension contributions of $100 million

Kimberly-Clark continues move to fixed income, sets pension contributions of $100 million

Kimberly-Clark Corp., Dallas, will increase its fixed-income allocation by five percentage points to 75% in 2015.

February 18, 2015 | 04:06 pm
Caterpillar plans $190 million contribution to global pension funds

Caterpillar plans $190 million contribution to global pension funds

Caterpillar Inc., Peoria, Ill., plans to contribute $190 million to its defined benefit plans in 2015, the company's recently filed 10-K shows.

February 18, 2015 | 01:56 pm
FirstEnergy, Goodyear announce 2015 pension contributions

FirstEnergy, Goodyear announce 2015 pension contributions

Two Akron, Ohio-based companies announced upcoming pension fund contributions in their 10-K filings Tuesday.

February 18, 2015 | 01:15 pm
Fitch: GASB 67 a mixed bag for public pension funds

Fitch: GASB 67 a mixed bag for public pension funds

Some public pension funds are reporting higher asset values under GASB 67 because of strong returns in recent years, said a new report from Fitch Ratings.

February 13, 2015 | 03:31 pm
Boeing contributes $1.5 billion to DC, DB plans in 2014

Boeing contributes $1.5 billion to DC, DB plans in 2014

Boeing Co., Chicago, contributed $764 million to its 401(k) plans last year, up 3% from $742 million the previous year, according to its 10-K report, filed Thursday with the Securities and Exchange...

February 13, 2015 | 11:14 am