Corporate pension plans
News and video about Corporate pension plans from Pensions & Investments.
Education firm RM enters into pension buy-in with PIC
trueRM PLC, Abingdon, England, agreed to a buy-in with Pension Insurance Corp. to insure 13% of the liabilities of the company's defined benefit plan.
Ryder System offers lump sums to former employees
trueRyder System Inc. is offering a lump-sum payment to about 11,000 former employees vested in its frozen U.S. defined benefit plan, the company announced in an SEC filing on Wednesday.
Boeing contributes $750 million to pension funds in 3rd quarter
trueBoeing Co. contributed $750 million to its defined benefit plans in the quarter ended Sept. 30, the company said Wednesday in a Securities and Exchange Commission filing.
BT loses battle at top EU court to block pension aid repayment
trueBT Group PLC, the U.K.'s former phone monopoly, and its pension fund lost their bid to overturn a European Union order forcing the repayment of as much as £16.6 million ($26.6 million) in exemptions from pension rules.
Unilever enters into buy-in with Legal & General on expatriate fund
trueUniac Pension Fund agreed to a buy-in with Legal & General Group to insure £129 million ($208.5 million) of liabilities.
Lockheed Martin to forgo pension contributions in 2015 through 2017
trueLockheed Martin Corp. announced Tuesday it has contributed $1 billion in contributions to its defined benefit plans thus far in 2014 out of an expected $2 billion and does not expect to make further contributions for at least three more years.
Panasonic completes pension fund buyout for U.K. unit
truePanasonic Systems Networks Co. U.K. Ltd. Pension and Life Assurance Scheme completed a buyout with Rothesay Life.
UNC hires director of public investments from UPS
trueEd Hetherington is joining the University of North Carolina Management Co. as vice president and managing director of public investments for the $3.54 billion UNC Investment Fund.
PBGC to take over Reichhold pension plan
trueThe PBGC will take over the defined benefit plan of Reichhold Inc., the agency announced Friday.
JPMAM: Corporate pension funding falls in 3rd quarter
trueThe average funded status of pension plans of Russell 3000 companies fell slightly to 86.9% at the end of the third quarter,down 150 basis points from the end of 2013, due to “ebbing rates” and “moderate asset returns,” said a new Pension Pulse report from J.P. Morgan Asset Management.
Canada may ban pension funds from investing in sponsor's stock
trueCanadian corporate pension plans would be banned from investing directly in their sponsoring company stock under a draft of federal regulatory changes announced late last month.
Milliman: Corporate pension plan funding climbs in September
trueThe funded status of the 100 largest U.S. corporate defined benefit plans improved slightly in September.
$45.4 billion in retirement assets affected by HP split announcement
trueHewlett-Packard Inc.'s plan to split into two companies will affect its $45.4 billion in combined worldwide defined benefit and defined contribution assets.
Mercer: Pension funded status of S&P 1500 companies stable in September
trueThe funded status of defined benefit pension plans of S&P 1500 companies remained at 84% in September, said a monthly report from Mercer.
PPF expects to collect £635 million, down from year earlier
truePension Protection Fund, London, will collect £635 million ($1 billion) in levies from qualifying employers for the 2015-’16 fiscal year, almost 9% less than the 2014-‘15 year estimate, a statement from the fund said.