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...
August 19, 2013
The American Federation of Musicians' Greater New York chapter is trying to get famed restaurateur Danny Meyer to face the music and start contributing to the union's pension plan.
August 19, 2013
Sun Capital Partners gained support in its legal battle over potential pension liabilities from the Private Equity Growth Capital Council, which filed an amicus brief on Wednesday.
August 15, 2013 | 02:13 pm
The median return of all plans in the BNY Mellon U.S. Master Trust Universe was -0.05% in the second quarter, dragged down by corporate pension plans and their higher allocations to fixed income.
August 14, 2013 | 03:07 pm
Master trusts in the Wilshire Trust Universe Comparison Service had a median -0.06% return in the second quarter, the first negative quarter since the second quarter last year.
August 06, 2013 | 12:20 pm
Paying premiums to the Pension Benefit Guaranty Corp. could get simpler under a proposal announced July 23.
August 05, 2013
Officials at the Pension Benefit Guaranty Corp. are celebrating a recent appeals court decision that could give them more leverage in collecting pension liabilities for companies held by private...
July 31, 2013 | 03:56 pm
Teamsters Central States, Southeast and Southwest Areas Pension Plan returned 13.56% in 2012, outpacing its Wilshire's Trust Universe Comparison Service benchmark return of 13.25%.
July 10, 2013 | 02:00 pm
Teamsters Central States, Southeast and Southwest Areas Pension Plan's funding has deteriorated to 53.9%, keeping it in “critical status.”
July 03, 2013 | 03:14 pm
Rep. Phil Roe, R-Tenn., called for “broad, structural changes” in the multiemployer pension system at a hearing Wednesday of the House Education and the Workforce Subcommittee on Health,...
June 12, 2013 | 04:22 pm
Exxon Mobil Corp. shareholders defeated all shareholder proposals, including separate proposals sponsored by the New York State Common Retirement Fund, the New York City Retirement Systems, the...
May 29, 2013 | 03:56 pm
Two pension funds separately won record-high support for shareholder social proposals at any company. Both votes were for resolutions at CF Industries.
May 17, 2013 | 02:55 pm
National Hockey League Players' Retirement Benefits Plan, New York, hired Graystone Consulting as investment consultant and Horizon Actuarial Services as actuarial...
May 13, 2013 | 11:53 am
Labor groups are putting pressure on Oaktree Capital Group, the Tribune Co.’s largest shareholder, to prevent the possible sale of the Los Angeles Times to billionaire brothers David and...