Pension funding

Corporate pension funding slips more than 3 percentage points in January — 2 reports

The funded status of 100 of the largest U.S. corporate pension plans decreased four percentage points to 91.2% in January, according to the latest Milliman 100 Pension Funding Index.

February 07, 2014 | 03:42 pm

GSAM analysis: FTSE 350 companies' hit 103% pension funding ratio

Strong investment returns drove funding ratios of U.K. defined benefit pension funds of FTSE 350 companies up to 103% as of Dec. 31, from 93% a year earlier, according to analysis by Goldman Sachs...

February 06, 2014 | 02:13 pm
GlaxoSmithKline's U.K. pension funding deficit drops 53%

GlaxoSmithKline's U.K. pension funding deficit drops 53%

The net deficit of GlaxoSmithKline PLC's U.K. pension funds decreased by 53% to £613 million ($999.6 million) for the year ended Dec. 31.

February 05, 2014 | 01:51 pm
Corporate pension funding falls back in January — 2 reports

Corporate pension funding falls back in January — 2 reports

The funded status of corporate defined benefit plans experienced a significant drop in January, giving back some of the large gains made in 2013, according to reports from Mercer and BNY Mellon...

February 04, 2014 | 03:33 pm

Rising stocks unable to improve U.K. corporate pension funding — report

U.K. corporate defined benefit pension funds recorded no change to their funding ratios over 2013, although rallying equity markets reduced deficits.

February 04, 2014 | 02:01 pm

Louisiana Teachers posts 17.9% return in 2013

Louisiana Teachers' Retirement System, Baton Rouge, returned 17.9% in the year ended Dec. 31.

February 03, 2014 | 03:26 pm

PBGC eyes little-used tool for plan insolvencies

PBGC management hopes to take greater advantage of a little-used tool for restructuring multiemployer pension plans, as the number of candidates likely to seek the agency's help grows.

February 03, 2014
Revamped Illinois Municipal logo removes state's pension crisis taint

Revamped Illinois Municipal logo removes state's pension crisis taint

Illinois Municipal Retirement Fund officials, whose $33.12 billion pension plan's funded status is far and away the best among Illinois statewide plans, is changing its logo — and by doing so...

February 03, 2014
PBGC restructures multiemployer plan, takes over Hostess payments

PBGC restructures multiemployer plan, takes over Hostess payments

The Pension Benefit Guaranty Corp. restructured a multiemployer pension plan and took over benefit payments for former Hostess Brands participants, allowing the Bakery and Sales Drivers Local 33...

January 31, 2014 | 09:42 am
Ford contributes $5 billion to pension funds in 2013, plans $1.5 billion for 2014

Ford contributes $5 billion to pension funds in 2013, plans $1.5 billion for 2014

Ford Motor Co. contributed $1.5 billion to its global defined benefit plans in the fourth quarter of 2013. Total contributions for the year were $5 billion.

January 28, 2014 | 01:53 pm
United Continental expects departure of $290 million to DB plans in 2014

United Continental expects departure of $290 million to DB plans in 2014

United Continental Holdings Inc., Chicago, expects to contribute $290 million to its defined benefit pension plans this year.

January 23, 2014 | 03:39 pm
Air Canada eliminates C$3.7 billion pension deficit

Air Canada eliminates C$3.7 billion pension deficit

Air Canada on Wednesday said it eliminated its C$3.7 billion (US$3.3 billion) pension deficit in 2013 and projects that it will start this year with a small surplus.

January 22, 2014 | 01:48 pm
Unilever's deficit falls for U.K., Dutch pension funds

Unilever's deficit falls for U.K., Dutch pension funds

Unilever's net pension deficit of its Dutch and U.K. pension funds declined to €2 billion ($2.7 billion) as of Dec. 31.

January 22, 2014 | 01:26 pm
University of Illinois: State pension reforms won't 'dent' budget woes

University of Illinois: State pension reforms won't 'dent' budget woes

The comprehensive pension reform law passed in Illinois last month will “hardly make a dent” in the state's long-term budget deficits, according to a report from the University of...

January 21, 2014 | 03:00 pm
Year ends on a high note for pension funding

Year ends on a high note for pension funding

December saw continued improvement in the funded status of U.S. corporate defined benefit plans, according to monthly reports from BNY Mellon Investment Management's investment strategy and solutions ...

January 20, 2014