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...
May 09, 2013 | 11:35 am
Master trusts in the Wilshire Trust Universe Comparison Service had a median 4.77% return in the first quarter and 9.72% for the year ended March 31.
May 07, 2013 | 03:12 pm
International Association of Machinists National Pension Fund, Washington, hired executive search firm Heidrick & Struggles to conduct the search for its new chief investment officer.
April 23, 2013 | 03:14 pm
Goldman Sachs' bid to stop a class-action lawsuit led by the NECA-IBEW Health & Welfare Fund was rebuffed Tuesday by the Supreme Court, which declined to review the case.
March 19, 2013 | 04:05 pm
Florida State Board of Administration and the American Federation of State, County and Municipal Employees Pension Plan are seeking changes in Hewlett-Packard Co.'s board and will vote their shares...
March 11, 2013 | 03:32 pm
Distressed multiemployer plans show progress, but 'substantial percentage' still in peril — GAO study
Severely distressed multiemployer plans have made progress in solving their funding problems, but “a substantial percentage” of them do not expect to return to a healthier funded status,...
March 05, 2013 | 03:40 pm
Building-trade worker benefit funds that invested in feeder funds to Bernard L. Madoff Investment Securities won't be able to recover money from the Ponzi schemer's estate, a federal appeals court...