Union pensions

GM right to add to union pensions during bailout — Obama's auto czar

GM right to add to union pensions during bailout — Obama's auto czar

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
BlackRock gets dismissal of securities-lending suit

BlackRock gets dismissal of securities-lending suit

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 hires William Blair for emerging markets small caps

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 wins dismissal of pension fund's securities lawsuit

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 bankruptcy should be dismissed, union tells court

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
Appellate ruling changes game for private equity

Appellate ruling changes game for private equity

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
Musicians protest to get pension contributions from club owner

Musicians protest to get pension contributions from club owner

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

Private equity group backs Sun Capital Partners over pension liability

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

BNY Mellon U.S. Master Trust Universe returns slip in Q2

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

Wilshire TUCS: Q2 posts first decline in a year

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

PBGC eases hassle of premium payments

Paying premiums to the Pension Benefit Guaranty Corp. could get simpler under a proposal announced July 23.

August 05, 2013

PBGC welcomes court decision on private equity pension obligations

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 pension plan returns 13.56% in 2012, topping benchmark

Teamsters pension plan returns 13.56% in 2012, topping benchmark

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 pension plan funding status continues slide to 53.9%

Teamsters pension plan funding status continues slide to 53.9%

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

House panel hears multiemployer pension reform ideas

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