Union pensions

Pension funds oppose Chipotle executive pay

Pension funds oppose Chipotle executive pay

Three pension funds, Institutional Shareholder Services and Glass Lewis & Co. have lined up against Chipotle Mexican Grill Inc.'s executive pay package for Steve Ells, chairman of the company's board ...

May 14, 2014 | 02:01 pm
Rep. Roe wins public service award for multiemployer pension reform efforts

Rep. Roe wins public service award for multiemployer pension reform efforts

Rep. Phil Roe, R-Tenn., received the International Foundation of Employee Benefit Plans' Public Service Award on Tuesday.

May 06, 2014 | 02:54 pm
Wilshire TUCS: 1st quarter produces investment gains for all plan types

Wilshire TUCS: 1st quarter produces investment gains for all plan types

Trusts in the Wilshire Trust Universe Comparison Service returned a median 1.66% during the first quarter of 2014 and median return of 11.09% for the year ended March 31.

May 05, 2014 | 02:52 pm

Shareholders approve prohibiting accelerated vesting at 2 companies

Valero Energy Corp. and Gannett Co. shareholders approved in separate voting groundbreaking shareholder proposals prohibiting the acceleration of vesting of executive incentive equity awards in the...

May 02, 2014 | 03:37 pm

InvestorForce universes return 1.54% in the quarter

InvestorForce Plan Universes funds had a median return of 1.5% in the quarter and 10.7% for the year ended March 31.

May 01, 2014 | 03:03 pm

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