Union pensions

Treasury extends Central States application comment period again

Treasury extends Central States application comment period again

The Treasury Department reopened for a second time the comment period for the benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill.

February 02, 2016 | 04:11 pm

Teamster Local 469 petitions Treasury Department for multiemployer cuts

Teamsters Local 469 Pension Plan, Hazlet, N.J., applied to the Treasury Department to reduce benefits for participants, including retirees.

January 26, 2016 | 04:13 pm
Boeing reaches deal with SPEEA union that will freeze pension plan at end of 2018

Boeing reaches deal with SPEEA union that will freeze pension plan at end of 2018

The Boeing Co., Chicago, reached a tentative, six-year contract agreement with the Society of Professional Engineering Employees in Aerospace that would freeze defined benefit plan accruals for union ...

January 14, 2016 | 03:19 pm

Royal Ontario Museum Pension Plan to merge with multiemployer CAAT plan

Royal Ontario Museum Pension Plan announced it will merge with the C$8 billion ($5.6 billion) Colleges of Applied Arts and Technology Pension Plan.

January 14, 2016 | 12:05 pm
BNY Mellon faces lawsuit claiming FX transaction overcharges on ADRs

BNY Mellon faces lawsuit claiming FX transaction overcharges on ADRs

Bank of New York Mellon was accused by participants in three retirement plans of overcharging for foreign-exchange transactions on American depository receipts, said a federal class-action lawsuit.

January 11, 2016 | 01:57 pm

Iron Workers Local 17 applies for multiemployer benefit cuts

Iron Workers Local 17 Pension Fund, Cleveland, is seeking permission to cut benefits for participants, including retirees, as part of a proposed rescue plan awaiting approval from the Treasury...

January 07, 2016 | 04:00 pm