Union pensions

UAW Retiree Medical Benefits Trust’s public equities managing director resigns

Woody Tyler, managing director, public equities, at the $52 billion UAW Retiree Medical Benefits Trust, Ann Arbor, Mich., has resigned, said spokesman Matt Wood.

April 11, 2014 | 03:49 pm
Pension funds lose securities lending suit against Wells Fargo

Pension funds lose securities lending suit against Wells Fargo

Wells Fargo & Co. did not breach its fiduciary duty when several pension funds lost money through the bank's securities lending program, a federal court judge in St. Paul, Minn., has ruled.

April 02, 2014 | 03:29 pm

Pensions Trust CEO quits

Stephen Nichols resigned as CEO of The Pensions Trust.

March 21, 2014 | 12:04 pm

Franklin Resources shareholders elect all directors, reject proposal on genocide divestment

Franklin Resources Inc. shareholders on Wednesday elected all directors to the board and rejected a shareholder proposal calling for the company's investment management units to divest companies that ...

March 12, 2014 | 03:34 pm

Sacramento Regional Transit District seeks custodian for 2 pension funds

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 plans well on road to recovery, report says

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 eyes little-used tool for plan insolvencies

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
PBGC restructures multiemployer plan, takes over Hostess payments

PBGC restructures multiemployer plan, takes over Hostess payments

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
Union pension fund sues over Suntory acquisition of Beam

Union pension fund sues over Suntory acquisition of Beam

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

U.K. pension funding deficit plummets in December

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 union workers trade DB pension for employment promise

Boeing union workers trade DB pension for employment promise

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
PBGC changes payment schedule on premiums to once a year

PBGC changes payment schedule on premiums to once a year

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
PBGC deficit rises to nearly $36 billion

PBGC deficit rises to nearly $36 billion

The PBGC had a record deficit of $35.7 billion as of Sept. 30.

November 15, 2013 | 04:55 pm
Boeing's largest union rejects swapping pensions for 777X production

Boeing's largest union rejects swapping pensions for 777X production

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

BNY Mellon U.S. Master Trust Universe returns median 4.47% in quarter

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