Corporate pension plans
News and video about Corporate pension plans from Pensions & Investments.
Exelis to contribute up to $185 million to pension fund in 2015
trueExelis Inc. expects to contribute between $175 million and $185 million to its $4.56 billion defined benefit plan in 2015, its latest 10-K filing shows.
Sears plans $275 million contribution to pension funds
trueSears Holdings Corp. expects to contribute $275 million to its U.S. pension fund in 2015.
GAO report calls for more disclosure to participants in lump-sum offers
trueU.S. corporate defined benefit plan participants need to be given better information when offered a window to accept lump-sum payments to replace their lifetime benefits, a report from the Government Accountability Office said.
Coca-Cola, Altria set pension contributions for 2015
trueCoca-Cola Co., Atlanta, announced in its 10-K filing Wednesday that it plans to make a discretionary contribution of $90 million to its non-U.S. pension funds.
Exxon Mobil to contribute $560 million to non-U.S. pension funds
trueExxon Mobil Corp. expects to contribute $560 million to its non-U.S. pension funds in 2015.
ConocoPhillips, Textron power up contributions to global pension funds
trueConocoPhillips Co. expects to contribute about $300 million total to its global qualified and non-qualified pension and post-retirement benefit plans in 2015, while Textron Inc. plans to contribute a total of about $80 million to its defined benefit and defined contribution plans.
AT&T dials up $735 million pension fund contribution
trueAT&T Inc., Dallas, plans to contribute $735 million to its pension funds in 2015.
Prudential Financial, Xcel Energy report 2015 pension contributions
truePrudential Financial Inc. plans to contribute $125 million to its pension funds in 2015, while Xcel Energy Inc. contributed $90 million to its U.S. defined benefit plans in January to meet minimum funding requirements.
AIG to contribute $173 million to global pension funds in 2015
trueAmerican International Group Inc., New York, plans to contribute about $173 million total to its global pension funds in 2015.
Kimberly-Clark enters into pension buyout, reduces $2.5 billion in liabilities
trueKimberly-Clark Corp. announced Monday it has purchased group annuity contracts from Massachusetts Mutual Life Insurance Co. and Prudential Insurance Co. of America to transfer defined benefit plan benefits of about 21,000 U.S. retirees.
Corporate pension funds weigh derisking vs. re-risking
trueCorporate plan sponsors on both sides of the Atlantic are pushing back against the ramifications of lower interest rates, tipping a balance to re-risking from a derisking glidepath, say money managers, consultants and strategists.
Alcoa to contribute $485 million to pension funds
trueAlcoa Inc., Pittsburgh, expects to make a total of $485 million in contributions to its global pension funds in 2015, of which $380 million is for its U.S. plans.
Chevron slates $600 million in contributions to worldwide pension funds
trueChevron Corp., San Ramon, Calif., expects to contribute about $350 million to its U.S. defined benefit plan and $250 million to its international pension funds in 2015, the company said in its 10-K filing.
Mondelez International plans $529 million in worldwide pension contributions
trueMondelez International Inc., Deerfield, Ill., plans to contribute $529 million total to its defined benefit plans in 2015, said the company’s 10-K filed Friday.
Consolidated Edison powers up $756 million pension contribution
trueConsolidated Edison Inc., New York, plans to contribute $756 million to its defined benefit plan in 2015, according to the company's 10-K filing.