Pension contributions
CalPERS’ phased contribution hike draws governor’s ire
CalPERS’ board voted to phase in a higher local government contribution rate over two years, a decision Gov. Jerry Brown said would cost taxpayers $146 million over 20 years.
May 17, 2012 | 12:36 pm
House votes to increase federal employees' pension contributions
Federal employees would put 5% more of their salary into the federal pension system under legislation approved Thursday by the House of Representatives in a 218-199 vote.
May 11, 2012 | 03:15 pm
It's payback time for Arizona State Retirement participants
Participants in the $28 billion Arizona State Retirement System, Phoenix, will get a total of about $40 million in reimbursement after passage of a new bill that replaces a 2011 law that had raised...
May 10, 2012 | 04:16 pm
Sara Lee beefs up pension plans with $187 million
Sara Lee Corp. contributed $187 million in cash to its worldwide pension plans in the nine months ended March 31.
May 03, 2012 | 02:05 pm
5 companies make contributions totaling $1 billion to DB plans
Four companies contributed a combined $933 million to their defined benefit plans in the fourth quarter, with Lockheed Martin Corp. adding $505 million to its plans while Harley-Davidson Inc. added...
April 30, 2012
Fed no friend of DB plans
The quote: “The faster I run, the behinder I get” is certainly true for the nation's 100 largest corporate defined benefit pension plans.
April 30, 2012
Lockheed Martin contributes $505 million in Q1
Lockheed Martin Corp. made $505 million in cash contributions to its qualified defined benefit pension plans during the first quarter of 2012.
April 26, 2012 | 02:32 pm
Goodrich puts $136 million into pension plan
Goodrich Corp. contributed $136 million to its worldwide defined benefit pension plans in the first quarter, according to an 8-K filing Thursday.
April 26, 2012 | 12:40 pm
Harley-Davidson, Sprint Nextel add to pension plans
Harley-Davidson Inc. contributed $200 million to its pension plan during the first quarter, while Sprint Nextel Corp. added $92 million to its plan, the companies announced Wednesday.
April 25, 2012 | 03:25 pm
Xerox to add $350 million to DB plans through year's end
Xerox Corp. expects to make $350 million in cash contributions to its worldwide defined benefit pension plans during the remainder of 2012.
April 23, 2012 | 11:37 am
Impasse over highway bill holds up pension funding relief
A congressional impasse over a highway funding bill is endangering chances that employers will gain long-sought funding relief for their pension plans.
April 18, 2012 | 12:01 am
Montana governor proposes hike in employee contributions for 2 state plans
Participants in the $3.7 billion Montana Public Employees Retirement System and $2.8 billion Montana Teachers' Retirement System could see their contributions rise one percentage point as part of a...
April 12, 2012 | 04:23 pm
CalPERS' investments return 4.4% for 12 months ended Feb. 29
CalPERS returned 4.4% on its investments for the 12 months ended Feb. 29, according to the agenda for the $239.1 billion retirement system's April 16 investment committee meeting.
April 10, 2012 | 04:28 pm
Cook County pension fund should hike contributions, exec contends
Cook County Annuity & Benefit Fund, Chicago, needs drastic pension reform, including an increase to employee and employer contributions, to prevent the pension fund from becoming insolvent in 2038,...
April 10, 2012 | 03:52 pm
Wilshire: S&P 500 pension plans take funding hit in 2011
More S&P 500 companies' defined benefit plans were underfunded and their average funding ratio slipped in 2011, according to a Wilshire Associates survey.