Corporate pension plans

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

  1. 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.

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  1. 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.

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  2. Novartis treasurer to retire

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

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  3. 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.

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  4. 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.

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  5. Gotbaum's legacy

     

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  6. 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.

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  7. 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.

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  8. 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.

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  9. 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.

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  10. 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.

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  11. FedEx to contribute $580 million to U.S. pension plans in 2015

    trueFedEx Corp. said it expects to contribute $580 million to its U.S. pension plans in 2015.

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  12. Rock-Tenn Co. offers lump sums to 9,000 former employees

    trueRock-Tenn Co. announced it has extended a lump-sum offer to former employees who are vested but have yet to receive benefits in three of its defined benefit pension plans.

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  13. Senate's pension smoothing extension shorter than House proposal

    trueThe Senate Finance Committee called for pension funding stabilization, or smoothing, as part of a funding package for the Highway Trust Fund approved Thursday.

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