Union pensions

3 report asset owner universe returns for the second quarter and year

3 report asset owner universe returns for the second quarter and year

The median return of all plans in the BNY Mellon U.S. Master Trust Universe was 3.74% in the second quarter ended June 30

August 11, 2014 | 03:10 pm
105 years old, still drawing a pension

105 years old, still drawing a pension

She is more than 105 years old and still collecting pension benefits from the Teamsters Central States, Southeast & Southwest Conferences Pension Fund.

August 04, 2014

Keeping the PBGC from being the next bailout recipient

A series of recently issued reports have addressed various governance and financial challenges facing the Pension Benefit Guaranty Corp. The takeaway from all of them is that unless changes are made...

August 04, 2014

NOW: Pensions announces changes to investment fund

Executives at multiemployer trust NOW: Pensions, London, have made changes to the plan following announcements in the U.K. budget.

July 24, 2014 | 03:06 pm
Kroger restructures multiemployer pension fund participation

Kroger restructures multiemployer pension fund participation

Kroger Co. is restructuring its participation in some multiemployer pension funds.

June 18, 2014 | 01:38 pm
Pension funds oppose Chipotle executive pay

Pension funds oppose Chipotle executive pay

Three pension funds, Institutional Shareholder Services and Glass Lewis & Co. have lined up against Chipotle Mexican Grill Inc.'s executive pay package for Steve Ells, chairman of the company's board ...

May 14, 2014 | 02:01 pm
Rep. Roe wins public service award for multiemployer pension reform efforts

Rep. Roe wins public service award for multiemployer pension reform efforts

Rep. Phil Roe, R-Tenn., received the International Foundation of Employee Benefit Plans' Public Service Award on Tuesday.

May 06, 2014 | 02:54 pm
Wilshire TUCS: 1st quarter produces investment gains for all plan types

Wilshire TUCS: 1st quarter produces investment gains for all plan types

Trusts in the Wilshire Trust Universe Comparison Service returned a median 1.66% during the first quarter of 2014 and median return of 11.09% for the year ended March 31.

May 05, 2014 | 02:52 pm

Shareholders approve prohibiting accelerated vesting at 2 companies

Valero Energy Corp. and Gannett Co. shareholders approved in separate voting groundbreaking shareholder proposals prohibiting the acceleration of vesting of executive incentive equity awards in the...

May 02, 2014 | 03:37 pm

InvestorForce universes return 1.54% in the quarter

InvestorForce Plan Universes funds had a median return of 1.5% in the quarter and 10.7% for the year ended March 31.

May 01, 2014 | 03:03 pm

UAW Retiree Medical Benefits Trust’s public equities managing director resigns

Woody Tyler, managing director, public equities, at the $52 billion UAW Retiree Medical Benefits Trust, Ann Arbor, Mich., has resigned, said spokesman Matt Wood.

April 11, 2014 | 03:49 pm
Pension funds lose securities lending suit against Wells Fargo

Pension funds lose securities lending suit against Wells Fargo

Wells Fargo & Co. did not breach its fiduciary duty when several pension funds lost money through the bank's securities lending program, a federal court judge in St. Paul, Minn., has ruled.

April 02, 2014 | 03:29 pm

Pensions Trust CEO quits

Stephen Nichols resigned as CEO of The Pensions Trust.

March 21, 2014 | 12:04 pm

Franklin Resources shareholders elect all directors, reject proposal on genocide divestment

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 Regional Transit District seeks custodian for 2 pension funds

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