Stephen Nichols resigned as CEO of The Pensions Trust.
March 21, 2014 | 12:04 pm
Franklin Resources Inc. shareholders on Wednesday elected all directors to the board and rejected a shareholder proposal calling for the company's investment management units to divest companies that ...
March 12, 2014 | 03:34 pm
Sacramento (Calif.) Regional Transit District is searching for a custodian for its two defined benefit pension funds, confirmed Colleen Trant, procurement analyst.
March 06, 2014 | 03:39 pm
Multiemployer defined benefit plans hurt by the 2008 financial crisis are recovering as markets improve and trustees make adjustments, according to a new report from the International Foundation of...
February 28, 2014 | 12:17 pm
PBGC management hopes to take greater advantage of a little-used tool for restructuring multiemployer pension plans, as the number of candidates likely to seek the agency's help grows.
February 03, 2014
The Pension Benefit Guaranty Corp. restructured a multiemployer pension plan and took over benefit payments for former Hostess Brands participants, allowing the Bakery and Sales Drivers Local 33...
January 31, 2014 | 09:42 am
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
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 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
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
The PBGC had a record deficit of $35.7 billion as of Sept. 30.
November 15, 2013 | 04:55 pm
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
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
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
Retirement security for millions of skilled American workers is at stake without Congress taking action to shore up multiemployer pension plans.