DEFINED BENEFIT
Rhode Island treasurer wants funding disclosure for church-affiliated plans.
Some pension systems have adopted cost-sharing mechanisms, adjusting contributions or benefits, instead of simply cutting or increasing them.
Avery Dennison Corp. will terminate its $740 million U.S. defined benefit plan.
The average funding ratio of the 100 largest U.S. corporate pension plans rose 4.7 percentage points in 2017, P&I's annual analysis shows.
Fixed income had the largest share of assets in 2017 among the 100 largest corporate pension plans, at 41.2%.
American Electric Power Co. plans to contribute a total of $101 million to its defined benefit plans in 2018.
Paccar Inc. plans to contribute up to $100 million to its defined benefit plans in 2018.
PPL Corp. contributed $145 million to its U.S. defined benefit plans in January.
The total deficit of defined benefit funds covered by the Pension Protection Fund fell 0.1% in November and 55% for the year ended Nov. 30, to £87.6 billion ($117.4 billion).
