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.
September 26, 2013 | 04:35 pm
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
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' 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 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'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
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...