Sacramento (Calif.) Regional Transit District is searching for a custodian for its two defined benefit pension funds, confirmed Colleen Trant, procurement analyst.
March 06, 2014 | 03:39 pm
Multiemployer defined benefit plans hurt by the 2008 financial crisis are recovering as markets improve and trustees make adjustments, according to a new report from the International Foundation of...
February 28, 2014 | 12:17 pm
PBGC management hopes to take greater advantage of a little-used tool for restructuring multiemployer pension plans, as the number of candidates likely to seek the agency's help grows.
February 03, 2014
The Pension Benefit Guaranty Corp. restructured a multiemployer pension plan and took over benefit payments for former Hostess Brands participants, allowing the Bakery and Sales Drivers Local 33...
January 31, 2014 | 09:42 am
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...