Corporate pension plans
News and video about Corporate pension plans from Pensions & Investments.
Funded status the best it's been since '08 — reports
trueThe funded status of U.S. corporate defined benefit plans continued rising in November, reaching levels not seen in five years, according to monthly reports from Mercer and BNY Mellon Investment Management's investment strategy and solutions group.
Melbourne-based Vision Super appoints new CEO
trueStephen Rowe was named CEO of the A$7 billion (US$6.4 billion) Vision Super, Melbourne, Australia, effective in January.
More pension liability offloading by corporate plans expected
trueVastly improved funding of corporate defined benefit plans should lead to more pension buyouts and lump-sum offers like the deal announced on Nov. 13 by SPX Corp., Charlotte, N.C.
PBGC to take over Furniture Brands International pension fund in sale
trueThe PBGC will take over the defined benefit pension funds of Furniture Brands International Inc., the agency announced Thursday.
NCR Corp. to wind up U.K. pension plan in $1 billion buyout
trueNCR Corp., Duluth, Ga., announced on Tuesday it has entered into an annuity buyout agreement with Pension Insurance Corp. for the defined benefit pension fund for NCR Ltd., its U.K. subsidiary.
PBGC takes over Journal Register pension fund
trueThe Pension Benefit Guaranty Corp. is assuming the defined benefit pension plan of the Journal Register Co.
United Continental to contribute $275 million in each of next 5 years
trueUnited Continental Holdings Inc., Chicago, is expected to contribute an average of $275 million to its pension funds in each of the next five years.
PBGC deficit rises to nearly $36 billion
trueThe PBGC had a record deficit of $35.7 billion as of Sept. 30.
SPX offloads $800 million in pension risk; MassMutual to take portion in buyout
trueSPX Corp., Charlotte, N.C., entered into an annuity buyout contract with Massachusetts Mutual Life Insurance Co., confirmed Ryan Taylor, director of investor relations.
Boeing's largest union rejects swapping pensions for 777X production
trueBoeing Co.'s largest union balked at a company proposal to freeze pensions in exchange for rights to build the new 777X in Washington state, casting doubt over the future of manufacturing at the company's Seattle hub.
Stroh's calls closing time on defined benefit plan
trueStroh Cos. Inc. has asked the Pension Benefit Guaranty Corp. to take over its defined benefit plan.
Corporate pension execs wary of derisking fallout
trueCorporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.
Corporate pension funding upswing
trueCorporate pension funding levels are at their highest point since September 2008, setting the stage for the next steps in derisking.
Union Pacific awards Robeco $50 million for microcap strategy
trueUnion Pacific Corp., Omaha, Neb., hired Robeco Investment Management to run $50 million in an active domestic microcap value equity strategy.
BNY Mellon U.S. Master Trust Universe returns median 4.47% in quarter
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was 4.47% in the third quarter, a vast improvement from the -0.05% median return in the second quarter.