Union pensions

Union pension fund sues over Suntory acquisition of Beam

Union pension fund sues over Suntory acquisition of Beam

NECA-IBEW Pension Trust Fund filed suit Wednesday against Beam Inc. over its proposed takeover by Suntory Holdings Inc.

January 22, 2014 | 05:57 pm

U.K. pension funding deficit plummets in December

The aggregate deficit of defined benefit occupational pension funds in the U.K. in the Pension Protection Fund's 7800 index, more than halved in December, to £27.6 billion ($45.3 billion).

January 14, 2014 | 01:55 pm
Boeing union workers trade DB pension for employment promise

Boeing union workers trade DB pension for employment promise

Boeing Co. gained a decade of labor peace after its largest union voted to accept contract concessions — including moving to a defined contribution plan — in exchange for a promise to...

January 06, 2014 | 01:45 pm
PBGC changes payment schedule on premiums to once a year

PBGC changes payment schedule on premiums to once a year

The PBGC announced Friday it would no longer require large single-employer and multiemployer defined benefit pension plans to pay their premiums twice a year.

January 03, 2014 | 02:23 pm
PBGC deficit rises to nearly $36 billion

PBGC deficit rises to nearly $36 billion

The PBGC had a record deficit of $35.7 billion as of Sept. 30.

November 15, 2013 | 04:55 pm
Boeing's largest union rejects swapping pensions for 777X production

Boeing's largest union rejects swapping pensions for 777X production

Boeing Co.'s largest union balked at a company proposal to freeze pensions in exchange for rights to build the new 777X in Washington state, casting doubt over the future of manufacturing at the...

November 14, 2013 | 03:38 pm

BNY Mellon U.S. Master Trust Universe returns median 4.47% in quarter

The median return of all plans in the BNY Mellon U.S. Master Trust Universe was 4.47% in the third quarter, a vast improvement from the -0.05% median return in the second quarter.

November 08, 2013 | 02:28 pm
Union and retiree pressure mounting against multiemployer pension fund reform

Union and retiree pressure mounting against multiemployer pension fund reform

A package of reform proposals to help the most troubled multiemployer pension funds is running into more opposition from some union and retiree advocates.

October 29, 2013 | 03:59 pm
Congress must act to save multiemployer pension plans

Congress must act to save multiemployer pension plans

Retirement security for millions of skilled American workers is at stake without Congress taking action to shore up multiemployer pension plans.

September 26, 2013 | 04:35 pm
GM right to add to union pensions during bailout — Obama's auto czar

GM right to add to union pensions during bailout — Obama's auto czar

General Motors Co. managers, not U.S. Treasury officials, decided to boost pensions of hourly Delphi Automotive PLC workers to help secure an agreement critical to GM's bailout, the program's...

September 11, 2013 | 04:00 pm
BlackRock gets dismissal of securities-lending suit

BlackRock gets dismissal of securities-lending suit

A federal court judge in Tennessee on Wednesday dismissed a lawsuit filed by two union pension funds over excessive fees they claimed BlackRock charged for securities lending linked to the money...

August 29, 2013 | 01:51 pm

Chicago Laborers hires William Blair for emerging markets small caps

Chicago Laborers' Annuity & Benefit Fund hired William Blair & Co. to manage $27 million in emerging markets small-cap equities.

August 28, 2013 | 02:21 pm

Moody's wins dismissal of pension fund's securities lawsuit

Moody's Corp. won dismissal of a lawsuit by a pension fund claiming the credit ratings firm made false statements about its independence and objectivity.

August 26, 2013 | 03:09 pm

Detroit bankruptcy should be dismissed, union tells court

Detroit's $18 billion bankruptcy should be dismissed because it violates the Michigan and U.S. constitutions, according to a public employee union, the first of the city's biggest creditors to seek a ...

August 20, 2013 | 10:22 am
Appellate ruling changes game for private equity

Appellate ruling changes game for private equity

Private equity funds face increased risk of being on the hook for their portfolio companies' pension liabilities following a federal appeals court ruling that is also raising broader questions about...

August 19, 2013