Pension funding
Pension funding of S&P 500 companies drops in 2012
The vast majority of the defined benefit pension plans of S&P 500 index companies remained underfunded at the end of 2012 despite strong U.S. equity performance last year, according to a report from...
April 08, 2013 | 02:00 pm
UBS report: U.S. corporate pension fund health improves in Q1
The funded status of the typical corporate defined benefit pension plan increased about five percentage points in the first quarter, helped both by strong equity markets and a slight increase in the...
April 05, 2013 | 11:50 am
Legal & General: Corporate plan funding rises 6.5 points
The typical U.S. corporate defined benefit plan's funding ratio rose to about 83% in the first quarter, from about 76% at the start of the year, according to Legal & General Investment Management...
April 03, 2013 | 02:16 pm
BNY Mellon: Corporate pension funding up 1.9 points in March
The funded status of the typical U.S. corporate defined benefit pension plan enjoyed a healthy March, rising 1.9 percentage points, thanks to strong equity returns, according to BNY Mellon Investment ...
April 03, 2013 | 03:32 pm
Mercer: Funded status of corporate pension plans jumps in March
The aggregate funded status of S&P 1500 companies improved considerably in March as a result of strong equity markets, according to a study by Mercer.
April 02, 2013 | 03:38 pm
Milliman: Record 2012 contributions fail to buoy U.S. corporate pension funding
The 100 largest U.S. corporate pension plans made record contributions in 2012, but it was not enough to prevent a funded status decline and record aggregate pension deficit.
March 25, 2013 | 03:55 pm
Cuomo drops plan to curb pension costs under DiNapoli pressure
New York Gov. Andrew Cuomo, pressed by critics including Comptroller Thomas DiNapoli, dropped a plan meant to give pension-cost certainty to local officials that might have left the system unable to...
March 22, 2013 | 01:50 pm
Illinois House passes pension reform bill limiting COLAs
A pension reform bill passed the Illinois House of Representatives on Thursday that changes cost-of-living adjustment policies for state employees hired before Jan. 1, 2011.
March 21, 2013 | 04:05 pm
Illinois Senate rejects statewide reform package but OKs teacher choice plan
The Illinois Senate passed a pension reform bill Wednesday for the teachers' pension plan, just hours after rejecting a separate, more comprehensive bill that would have put the state retirement...
March 20, 2013 | 05:53 pm
CalSTRS' $73 billion funding gap is California's 'most difficult fiscal challenge' — report
The California Legislative Analyst's Office in a report Wednesday said CalSTRS' $73 billion unfunded liability might be the state's “most difficult fiscal challenge” and called for an...
March 20, 2013 | 03:58 pm
Greenwich study: Corporate pension plans' funded status affects investment decisions
The funding ratio of corporate defined benefit plans drives their asset allocations, with less well-funded plans opting for less fixed-income exposure, according to a study from Greenwich Associates.
March 14, 2013 | 11:56 am
Air Canada wins pension funding reprieve
Air Canada, Montreal, received an extension from the Canadian government Tuesday on pension funding arrangements until Jan. 30, 2021.
March 13, 2013 | 03:18 pm
EBSA issues MAP-21 funding disclosure guidance
Corporate defined benefit plan sponsors will need to alert participants regarding new plan underfunding calculations resulting from the MAP-21 law, according to interim guidance from the EBSA.
March 08, 2013 | 03:23 pm
Milliman: Largest corporate pension plans' funded status dips slightly in February
The 100 largest U.S. corporate pension plans' funded status dropped slightly in February, to 81.5% from 81.7% in January, according to the latest Milliman 100 Pension Funding Index.
March 06, 2013 | 03:57 pm
U.S. corporate DB plan funding stable in February
The funded status of U.S. corporate defined benefit plans saw little change in February, according to separate reports from Mercer and BNY Mellon Investment Management.
