The volume of lump-sum buyout offers has slowed dramatically so far in 2013 following a flurry of activity last year, but lump sums remain a forefront topic for corporate pension funds.
April 25, 2013 | 03:52 pm
The news about Ford and GM making lump-sum offers last year led to a flurry of speculation that the DB cashout option would gain momentum as a risk-management strategy for many more companies.
January 30, 2013 | 09:18 am
General Motors Co. is in discussions with the United Auto Workers union on offering lump-sum pension payments, confirmed GM spokesman Dave Roman.
January 09, 2013 | 04:04 pm
A group of senior pilots at American Airlines on Monday asked the judge overseeing parent AMR Corp's Chapter 11 bankruptcy case to withhold approval of a new labor agreement that would eliminate the...
December 17, 2012 | 05:36 pm
General Motors UK Ltd. entered into a £230 million ($371 million) pension buy-in annuity contract with Rothesay Life to secure the pension benefits of all participants in the General Motors UK...
December 13, 2012 | 04:02 pm
Timken Co. plans to contribute about $100 million a year to its defined benefit pension plans in 2013 and 2014 as part of an overall effort to prepare the plans for a partial pension buyout.