More closed corporate defined benefit plans may have been frozen this year because the IRS has not released guidance on how employers could avoid failing non-discrimination testing in closed plans.
December 09, 2013
The funded status of U.S. corporate defined benefit plans continued rising in November, reaching levels not seen in five years, according to monthly reports from Mercer and BNY Mellon Investment...
December 03, 2013 | 03:38 pm
Stephen Rowe was named CEO of the A$7 billion (US$6.4 billion) Vision Super, Melbourne, Australia, effective in January.
December 02, 2013 | 02:16 am
Vastly improved funding of corporate defined benefit plans should lead to more pension buyouts and lump-sum offers like the deal announced on Nov. 13 by SPX Corp., Charlotte, N.C.
November 25, 2013
The PBGC will take over the defined benefit pension funds of Furniture Brands International Inc., the agency announced Thursday.
November 21, 2013 | 03:17 pm
NCR Corp., Duluth, Ga., announced on Tuesday it has entered into an annuity buyout agreement with Pension Insurance Corp. for the defined benefit pension fund for NCR Ltd., its U.K. subsidiary.
November 20, 2013 | 03:07 pm
United Continental Holdings Inc., Chicago, is expected to contribute an average of $275 million to its pension funds in each of the next five years.
November 19, 2013 | 02:24 pm
The Pension Benefit Guaranty Corp. is assuming the defined benefit pension plan of the Journal Register Co.
November 19, 2013 | 03:55 pm
The PBGC had a record deficit of $35.7 billion as of Sept. 30.
November 15, 2013 | 04:55 pm
SPX Corp., Charlotte, N.C., entered into an annuity buyout contract with Massachusetts Mutual Life Insurance Co., confirmed Ryan Taylor, director of investor relations.
November 14, 2013 | 03:50 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
Corporate pension funding levels are at their highest point since September 2008, setting the stage for the next steps in derisking.
November 11, 2013 | 12:01 am
Stroh Cos. Inc. has asked the Pension Benefit Guaranty Corp. to take over its defined benefit plan.
November 11, 2013 | 04:15 pm
Corporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.
November 11, 2013
Union Pacific Corp., Omaha, Neb., hired Robeco Investment Management to run $50 million in an active domestic microcap value equity strategy.