Corporate pension plans
News and video about Corporate pension plans from Pensions & Investments.
Boeing to freeze pension fund for non-union employees, executives in 2016
trueBoeing Co. will freeze a pension fund for 68,000 non-union employees and executives, shifting contributions to a defined contribution plan as it works to cut costs.
Aviva agrees to $8.4 billion longevity swap for its pension fund
trueAviva PLC, London, agreed to the largest ever longevity swap for its defined benefit Staff Pension Scheme, transferring the risk of 19,000 members to three reinsurers.
Mercer: FTSE 350 companies' aggregate funding ratio improves a bit
trueThe aggregate defined benefit pension plan funding ratio improved slightly for companies in the FTSE 350 to 85% in February, from 84.4% the previous month, due to strong stock market returns, even though those returns were slightly offset by an increase in liabilities, according to Mercer's ...
Corporate pension funding improves in February — 2 reports
trueThe funded status of U.S. corporate defined benefit pension plans improved in February, primarily due to rebounding equity markets, according to two new reports from Aon Hewitt and BNY Mellon Investment Management.
Mercer: Corporate pension funding drops in February due to year-end recalculations
trueThe funded status of S&P 1500 companies' pension funds fell slightly in February, primarily due to newly available year-end financial reports, according to a report from Mercer.
$20 billion club sees 2013 pension improvements
trueAssets rose and liabilities fell in 2013 among the 19 U.S. publicly listed corporations with more than $20 billion in defined benefit pension plan assets, improving the funded status of those plans, according to a report from Russell Investments.
Verizon to dial up $1.4 billion for DB plans in 2014
trueVerizon Communications Inc., New York, will contribute approximately $1.2 billion to its qualified defined benefit plans and about $200 million to its nonqualified plans in 2014.
Cigna slates $100 million pension contribution for year
trueCigna Corp., Bloomfield, Conn., plans to make about $100 million in pension contributions this year, according to its 10-K filing.
Merck to inject $250 million into pension funds this year
trueMerck & Co., Whitehouse Station, N.J., plans to contribute about $250 million to its defined benefit pension funds worldwide in 2014, according to its 10-K filed Thursday with the Securities and Exchange Commission.
GE to contribute $1.33 billion to pension plans in 2014
trueGeneral Electric Co., Stamford, Conn., plans to contribute a total of $1.33 billion to its pension plans in 2014, according to its 10-k filed Feb. 27.
International Paper to freeze benefit accruals for salaried employees in DB plan
trueInternational Paper Co., Memphis, Tenn., will freeze the accrued benefits of salaried employees in its U.S. defined benefit pension fund effective Jan. 1, 2019, according to a 10-K filing with the SEC on Thursday.
Exxon Mobil fueling pension funds with $2.2 billion in 2014
trueExxon Mobil Corp., Irving, Texas, plans to contribute $1.4 billion to its U.S. defined benefit pension funds and $800 million to its non-U.S. plans in 2014.
IBM to contribute $600 million to non-U.S. pension funds
trueInternational Business Machines Corp., Armonk, N.Y., expects to contribute about $600 million to its non-U.S. defined benefit and non-U.S. multiemployer pension funds in 2014, according to the company's most recent 10-K filing.
U.S. Steel forging $375 million in pension contributions through 2015
trueU.S. Steel Corp., Pittsburgh, expects to contribute up to $375 million to its pension funds through the end of 2015.
Pension buyouts priciest in U.K., index shows
trueThe U.K. is the most expensive country for pension buyouts, according to a new buyout cost index created by Mercer.