Pension funding

PwC: U.K. companies falling behind in funding pension obligations

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FTSE 350 companies are increasingly unable to fulfill their defined benefit obligations.
U.K. pension funding improves in May

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The total deficit of defined benefit funds covered by the Pension Protection Fund's 7800 index fell 5.4% for the month but increased 8.7% for the year ended May 31 to £232.3 billion ($298.3...
U.S. corporate pension funding little changed in May — 2 reports

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The funded status of the largest U.S. corporate pension plans remained relatively level in May, said reports from Mercer and Wilshire Consulting.
Fitch lowers investment return assumptions for public pension plan liabilities

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Fitch Ratings will now discount U.S. public pension plan liabilities at a 6% investment return assumption, the ratings agency says.
S&P, Moody's downgrade Illinois to one step above junk

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S&P Global Ratings and Moody's Investors Service downgraded Illinois' credit rating to one step above junk Thursday.
Hoover U.K. pension fund granted clearance to enter Pension Protection Fund

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The Hoover (1987) Pension Scheme, Bolton, England is expected to enter the Pension Protection Fund within a month.
Texas lawmakers approve Dallas Police & Fire Pension System pension reform

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The Texas Legislature passed a pension reform bill for the $2.1 billion Dallas Police & Fire Pension System.
Kentucky pension shortfall balloons under convergence of factors — report

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Kentucky’s unfunded pension liabilities totaled $33 billion as of June 30, up $26 billion from roughly a decade ago.
Dutch pension funds banking on higher investment returns to fill funding gaps

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Dutch pension funds are betting on higher projected investment returns to help plug funding deficits.
Moody's downgrades Connecticut's general obligation debt rating, citing pension expenses

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Moody's Investors Services downgraded Connecticut's general obligation debt rating to A1 with a stable outlook from Aa3 with a negative outlook in part because of its pension expenses.
5% of U.K. pension plans could suffer from sponsoring employer's unprofitability

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One in 20 U.K. corporate defined benefit funds has a weak funding ratio due to market conditions such as low bond yields, leading to increased liabilities and large deficits, said The Pensions...
Largest public pension funds see funding improvements in first quarter — report

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The aggregate funded status of the 100 largest public pension funds rose to 72% as of March 31, up from 70.1% as of Dec. 31, as asset growth outpaced liabilities.
Bernie Sanders, Marcy Kaptur reintroduce multiemployer pension protection bill

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Sen. Bernie Sanders, I-Vt., and Rep. Marcy Kaptur, D-Ohio, reintroduced legislation Tuesday that would prevent multiemployer plans from reducing benefits for retirees in struggling plans that are...
Texas House unanimously passes pension reform for Dallas Police & Fire

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The Texas House unanimously passed a pension reform bill for the $2.1 billion Dallas Police & Fire Pension System.
U.K. corporate deficits rise 8.4% in April

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The total deficit of defined benefit funds covered by the Pension Protection Fund's 7800 index grew 8.4% for the month and 30.2% for the year ended April 30 to £245.6 billion ($317.9 billion).