The largest U.S. public retirement systems had an aggregate 0.9% growth in assets in fiscal year 2012, but a 4.1% growth in liabilities, according to the Public Fund Survey released Wednesday.
December 04, 2013 | 04:01 pm
The Illinois General Assembly approved a wide-ranging pension reform bill Tuesday aimed at saving $160 billion over the next 30 years and bringing the state-administered plans to 100% funding by 2045.
December 03, 2013 | 05:47 pm
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
See the funded status of the 10 largest city pension systems
November 25, 2013 | 12:01 am
Scott Stringer vowed during his successful campaign for New York comptroller to reduce the $370 million in fees the city's five pension funds pay money managers and consultants annually. His job,...
November 22, 2013 | 12:41 pm
State pension plans' funded status dropped two percentage points in fiscal year 2012 as only five states reported improved funding ratios, according to the 11th annual public pension funding review...
November 21, 2013 | 04:27 pm
Pension fund liabilities are not to blame for Detroit's descent into Chapter 9 bankruptcy protection, according to a report released Wednesday by Demos, a public policy advocacy group.
November 20, 2013 | 03:34 pm
There is minimum financial or investor impact for U.S. companies switching to mark-to-market accounting practices when valuing pension liabilities, according to a new paper from SEI.
November 19, 2013 | 03:59 pm
The Pension Benefit Guaranty Corp. is assuming the defined benefit pension plan of the Journal Register Co.
November 19, 2013 | 03:55 pm
Colorado Public Employees' Retirement Association, Denver, lowered its assumed rate of return to 7.5% from 8%, confirmed spokeswoman Katie Kaufmanis.
November 15, 2013 | 03:45 pm
Detroit secured a new five-year collective bargaining agreement with the city's EMTs and paramedics union, the city announced Thursday.
November 14, 2013 | 04:18 pm
The aggregate funded status of the 100 largest public pension funds declined slightly last year as the result of increasing liabilities, according to the Milliman 2013 Public Pension Funding Study.
November 13, 2013 | 02:38 pm
The 25 largest U.S. cities have more than $125 billion in pension liabilities, according to a new report from Morningstar.
November 12, 2013 | 03:54 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.