Corporate pension plans

News and video about Corporate pension plans from Pensions & Investments.

  1. Schneider Electric names U.K., Ireland pensions manager

    trueJerry Gandhi joined Schneider Electric as pensions manager for the U.K. and Ireland..

    Articles

  1. American Airlines to contribute additional $600 million to pension plans

    trueAmerican Airlines Group Inc. expects to contribute an additional $600 million to its defined benefit plans in 2014, said the company's second-quarter earnings report filed Thursday.

    Articles

  2. Senate committee limits PBGC plant-closing authority

    trueThe Pension Benefit Guaranty Corp. would have to use a narrower definition of pension liability rules in cases of corporate shutdowns under legislation approved Wednesday by the Senate Health, Education, Labor and Pensions Committee.

    Articles

  3. New actuary tables may be 'nail in the coffin' for DB plans

    trueThe measured value of liabilities for most defined benefit plans will increase between 3% and 8% with the adoption of new mortality tables, said a report from Wilshire Consulting.

    Articles

  4. The Daily Show takes on pension smoothing

    trueJon Stewart, on his “The Daily Show” on Comedy Central, discussed pension smoothing and how it helps the federal government raise tax revenue, Mr. Stewart concluded this is the first time he's heard smoothing used as a euphemism for sex.

    Articles

  5. Novartis treasurer to retire

    trueKen Schuster, vice president and treasurer of Novartis Corp., New York, will retire in September.

    Articles

  6. Moody's: Highway bill pension changes could mean $51 billion less in contributions

    trueSponsors of defined benefit pension plans will be allowed to defer $51 billion in pension contributions under legislation approved July 15 by the House as part of the bill extending the Highway Trust Fund, according to an analysis by Moody's Investors Service.

    Articles

  7. Slow process seen in naming Gotbaum successor at PBGC

    trueJoshua Gotbaum's resignation as director of the Pension Benefit Guaranty Corp. is expected to create a leadership vacuum at a critical time for an agency dealing with struggling multiemployer pension plans and corporate defined benefit sponsors stressed about premium increases.

    Articles

  8. Gotbaum's legacy

     

    Articles

  9. S&P 500 company pension deficit drops 50% in 2013

    trueS&P 500 pension plan underfunding was cut in half to $224 billion in fiscal year 2013, down from $452 billion in 2012, said research by S&P Dow Jones Indices.

    Articles

  10. Visteon buys annuity to dump $350 million in pension liabilities

    trueVisteon Corp., Van Buren Township, Mich., purchased a group annuity contract from Prudential Insurance Co. of America to transfer about $350 million of the company's $1.1 billion in U.S. pension liabilities, spokesman Jim Fisher said.

    Articles

  11. House passes pension funding changes in Highway Trust Fund legislation

    trueMore generous pension funding calculations for defined benefit plans were approved Tuesday by the House, 367-55, as part of legislation extending the Highway Trust Fund.

    Articles

  12. Court rules for former Anheuser-Busch workers in benefits case

    trueHundreds of former Anheuser-Busch Cos. Inc. employees are owed enhanced retirement benefits under the terms of the company's pension plan, a federal appeals court has ruled.

    Articles

  13. FTSE 100 pension funds' combined funding status improves, report shows

    trueFTSE 100 pension funds’ total deficit decreased 21% in the year ended March 31, to £60 billion ($103 billion), despite contributions decreasing 27% in the same period to £7.7 billion.

    Articles