Pension funding

Connecticut treasurer weighs in on proposals for funding state pension plans

Connecticut treasurer weighs in on proposals for funding state pension plans

Connecticut Treasurer Denise L. Nappier released a preliminary analysis of the governor's proposals for funding the state's largest pension plans with recommendations for maintaining the integrity of ...

December 11, 2015 | 03:38 pm
House members, UPS call for denial of Central States rescue plan

House members, UPS call for denial of Central States rescue plan

A benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., should be denied, 18 House of Representatives members told the Treasury...

December 08, 2015 | 01:51 pm
U.K. corporate pension fund deficit increases 2% in November

U.K. corporate pension fund deficit increases 2% in November

Asset growth in November was unable to offset increased liabilities for the defined benefit funds covered by the Pension Protection Fund's 7800 index, with the total deficit increasing 2% to...

December 08, 2015 | 11:05 am
Lackluster returns push down corporate funded status for November — Milliman

Lackluster returns push down corporate funded status for November — Milliman

The funded status of the 100 largest U.S. corporate pension plans decreased 20 basis points to 83.3% at the end of November because of weak investment returns, the Milliman 100 Pension Funding index...

December 07, 2015 | 01:04 pm
Corporate pension funding levels dip in November — 3 reports

Corporate pension funding levels dip in November — 3 reports

The funded status for U.S. corporate pension plans fell between 20 and 100 basis points in November due to negative returns for most asset classes, said three reports.

December 03, 2015 | 01:23 pm

Public pension fund executives' confidence rising, NCPERS survey shows

Confidence among public pension fund officials about their plans' long-term sustainability is on the rise, according to survey results released Tuesday by the National Conference on Public Employee...

December 01, 2015 | 03:57 pm
Funding level of U.K. corporate pension plans drops, report finds

Funding level of U.K. corporate pension plans drops, report finds

The total deficit of U.K. corporate defined benefit funds increased 15.8% in November to £264 billion ($396.8 billion), analysis by JLT Employee Benefits shows.

December 01, 2015 | 01:26 pm
Milliman finds public pension plan funding rose in 2014

Milliman finds public pension plan funding rose in 2014

The aggregate funded status of the 100 largest public pension plans rose 4.3 percentage points last year because of strong market gains, said Milliman's annual public pension funding study released...

November 30, 2015 | 03:40 pm
CalPERS approves plan to gradually reduce assumed rate of return to 6.5%

CalPERS approves plan to gradually reduce assumed rate of return to 6.5%

CalPERS' board on Wednesday approved a risk-reduction plan that will shift investments away from equities and could reduce the expected rate of return of the nation's largest pension fund to 6.5%...

November 18, 2015 | 04:09 pm
Pemex says union pact will reduce its $90 billion pension burden

Pemex says union pact will reduce its $90 billion pension burden

Petroleos Mexicanos reached an agreement with its union to create individual retirement accounts for incoming workers and to raise the retirement age, easing the company's pension liabilities.

November 12, 2015 | 02:16 pm
Corporate funding ratios rise; public pension plan returns turn positive in October — reports

Corporate funding ratios rise; public pension plan returns turn positive in October — reports

The funded status of U.S. corporate pension plans rose between one and three percentage points in October on the back of rising asset values, said reports from BNY Mellon and Milliman.

November 11, 2015 | 03:30 pm

U.K. pension funding deficit shrinks nearly 16% in October

Rising equity markets and assets coupled with falling liabilities led to a 15.8% decrease in the total deficit of defined benefit funds covered by the Pension Protection Fund's 7800 index for the...

November 10, 2015 | 10:07 am

Aon Hewitt: Corporate funding ratios reverse downward trend, up to 81% in October

The aggregate funded status for defined benefit plans sponsored by S&P 500 companies rose 2.2 percentage points to 80.9% in October as rising asset values outpaced liabilities, Aon Hewitt said.

November 06, 2015 | 02:38 pm

Milliman: Multiemployer pension funding ratio flat in first 6 months of year

The aggregate funded status of U.S. multiemployer pension plans was 79% as of June 30, relatively unchanged from the end of 2014 when it was 80%, but still below its pre-recession levels, said a...

November 06, 2015 | 01:04 pm
Philips U.K. pension fund enters into buyout as last step in winding down entire plan

Philips U.K. pension fund enters into buyout as last step in winding down entire plan

Philips Pension Fund agreed to purchase a group annuity contract from Pension Insurance Corp. to transfer about €2.6 billion ($2.9 billion) of pension obligations.

November 05, 2015 | 03:00 pm