Pension Plans
Brunswick Corp. made settlement payments totaling $596 million to complete the termination of two U.S. defined benefit plans.
Three Ontario employers have joined the Colleges of Applied Arts and Technology Pension Plan, adding 4,000 employees to its "DBplus" plan.
Eaton Corp. plans to contribute $116 million to its global defined benefit plans in 2019.
Aon PLC expects to contribute a total of $145 million to its global pension plans in 2019.
Exelon Corp. and its subsidiaries plan to contribute $301 million total to their qualified defined benefit plans in 2019.
Large plan sponsors should reduce pension fund deficits instead of paying out high dividends to shareholders, The Pensions Regulator said.
Illinois Municipal's new executive director knows it will take a lot of work to maintain the fund's success in investments and operations.