Pension funding

U.K. pension fund deficits fall in January, down 29% over past year

U.K. pension fund deficits fall in January, down 29% over past year

The total deficit of all U.K. corporate pension funds in the London-based Pension Protection Fund’s 7800 index decreased 12.2% over January to £196.5 billion ($246.4 billion) and was down ...

February 14, 2017 | 06:19 am
South Dakota governor signs bill changing COLA requirements for pension fund

South Dakota governor signs bill changing COLA requirements for pension fund

South Dakota Gov. Dennis Daugaard signed into law on Thursday a bill changing the cost-of-living-adjustment requirements for the $10.5 billion South Dakota Retirement System, Pierre.

February 10, 2017 | 01:07 pm
PBGC premiums on the up and up

PBGC premiums on the up and up

Since the enactment of the Pension Protection Act in 2007, premiums required by the Pension Benefit Guaranty Corp. have increased dramatically.

February 10, 2017 | 11:22 am
Bill introduced to take PBGC premiums off the federal budget

Bill introduced to take PBGC premiums off the federal budget

Legislation that would take premiums paid to the Pension Benefit Guaranty Corp. off the table when federal budgets are drawn up in Congress has been introduced by Wyoming Sen. Mike Enzi.

February 02, 2017 | 03:38 pm
Dallas police officers sue pension fund for limiting DROP withdrawals

Dallas police officers sue pension fund for limiting DROP withdrawals

A group of retired Dallas police officers has filed a lawsuit against the board of trustees of the $2.1 billion Dallas Police & Fire Pension System for limiting DROP withdrawals.

January 31, 2017 | 01:09 pm
Loblaw sets buyout for C$350 million in pension liabilities

Loblaw sets buyout for C$350 million in pension liabilities

Loblaw Cos. Ltd., Brampton, Ontario, entered into an annuity buyout of C$350 million ($263 million) of pension liabilities with Sun Life Financial and BMO Insurance, the firms announced Tuesday.

January 31, 2017 | 12:57 pm
Iron Workers pension benefit reductions to start in February

Iron Workers pension benefit reductions to start in February

Iron Workers Local 17 Pension Fund, Cleveland, will implement a benefit reduction plan Feb. 1, following approval by plan participants by a ratio of 2-to-1, the pension fund announced Friday.

January 27, 2017 | 04:09 pm
John Lewis Partnership announces plan to fully fund pension plan over 10 years

John Lewis Partnership announces plan to fully fund pension plan over 10 years

The deficit of John Lewis Partnership PLC's U.K. defined benefit fund fell 43% over the three years ended March 31, to £479 million ($689 million), and a 10-year funding plan to eliminate the...

January 27, 2017 | 12:14 pm
U.K. corporate pension funding deficits return to pre-Brexit levels — analysis

U.K. corporate pension funding deficits return to pre-Brexit levels — analysis

The combined deficit of U.K. corporate pension funds has returned to pre-Brexit levels, said consultant Hymans Robertson.

January 23, 2017 | 12:41 pm

Public pension funds lower fees, improve funding ratios in 2016 — report

The funded status of public pension plans continues to rise in aggregate, while plan expenses continue to fall, said a study released Tuesday by the National Conference on Public Employee Retirement...

January 17, 2017 | 04:20 pm
Covpress pension fund avoids PPF due to sponsor being acquired

Covpress pension fund avoids PPF due to sponsor being acquired

Covpress' pension fund avoided transfer into the Pension Protection Fund, London, thanks to the acquisition of its sponsoring employer, an automotive supply firm.

January 12, 2017 | 02:21 pm
Illinois Senate sends Chicago pension reform bill to governor

Illinois Senate sends Chicago pension reform bill to governor

The Illinois Legislature approved Monday a bill to help shore up Chicago's municipal and laborer pension funds.

January 10, 2017 | 01:25 pm
NISA: Pension Surplus Risk index falls in December

NISA: Pension Surplus Risk index falls in December

NISA Investment Advisors’ Pension Surplus Risk index fell to 8.8% in December, down 0.5 percentage points from November’s reading.

January 09, 2017 | 01:57 pm
Social Security cuts likely by 2030, CBO report says

Social Security cuts likely by 2030, CBO report says

The Social Security program will run out of money in calendar year 2029 and will not be able to pay full benefits after that, the Congressional Budget Office says.

December 22, 2016 | 01:31 pm