Trustees of distressed multiemployer pension funds got new tools to avert insolvency in a package of reforms approved by Congress in mid-December, including the right to reduce benefits for active...
December 22, 2014
Congress made the right decision to allow severely financially distressed multiemployer pension plans to cut retiree benefits.
December 22, 2014
Struggling multiemployer pension funds will be able to reduce retiree benefits under legislation that received final Senate approval Saturday as part of a congressional spending package already...
December 15, 2014 | 10:29 am
The House approved late Thursday a package of reforms available to struggling multiemployer pension funds, as part of a congressional spending deal that the Senate must vote on by Saturday.
December 12, 2014 | 11:36 am
Controversial reforms for multiemployer pension funds will be part of a congressional spending deal set for a final vote Thursday.
December 10, 2014 | 12:09 pm
The increasing risk that some multiemployer pension funds will be insolvent is putting pressure on lawmakers to enact some sweeping reforms in the final days of the 113th Congress before their...
December 08, 2014
Hugh O'Reilly on Thursday was named president and CEO of OPTrust, Toronto, effective Jan. 1.
December 04, 2014 | 03:56 pm
Multiemployer pension funds caused a record deficit for the Pension Benefit Guaranty Corp., its annual report shows.
November 18, 2014 | 04:02 pm
Multiemployer defined benefit plans in the construction industry saw some improvement in funding levels in the past 10 years, but continue to struggle with shifting demographics, said a new report by ...
November 12, 2014 | 01:58 pm
The median return of all plans in the Wilshire Trust Universe Comparison Service and BNY Mellon Trust Universe and was -0.84% and -0.83%, respectively, for the third quarter of 2014, the first...
November 10, 2014 | 04:29 pm
he Supreme Court heard arguments Monday in a lawsuit challenging whether investors have a legal case if a securities registration statement contains opinions that could be considered misleading.
November 03, 2014 | 04:09 pm
InvestorForce Plan Universes funds posted a median net return of -1.14% in the quarter ended Sept. 30. The median return gross of fees in the quarter was -1.03%.
October 30, 2014 | 02:20 pm
The Pension Benefit Guaranty Corp. is offering financial assistance to two insolvent multiemployer pension plans in New York.
October 28, 2014 | 03:50 pm
Trump Entertainment Resorts, the bankrupt Atlantic City, N.J., casino owner, was denied court approval to immediately stop contributing to a union pension fund, a blow to its restructuring effort...
October 03, 2014 | 03:39 pm
FedEx Corp. shareholders face separate proxy proposals from the New York City Retirement Systems and the International Brotherhood of Teamsters General Fund, calling for, respectively, disclosure of...