Corporate pension plans
News and video about Corporate pension plans from Pensions & Investments.
Schlumberger acquisition of Cameron would create company with $17.1 billion in retirement assets
trueSchlumberger Ltd.'s acquisition of Cameron International Corp. would create a single company with combined retirement assets of about $17.1 billion.
Parker Hannifin to contribute $278 million to global pension funds
trueParker Hannifin Corp. plans to contribute $278 million to its global defined benefit plans during its fiscal year 2016 that started July 1, the company announced in its 10-K filing Wednesday.
Newell Rubbermaid makes second lump-sum offer
trueNewell Rubbermaid Inc. announced in an SEC filing on Monday it will send a lump-sum offer to about 3,300 former employees who have vested in the company's pension plan but who have yet to retire.
E.W. Scripps makes lump-sum offer
trueE.W. Scripps Co., Cincinnati, announced Monday it plans to offer lump sums or immediate annuities to about 4,300 former vested employees who participate in the company's defined benefit plans.
U.S. Steel to freeze DB plan, move to DC plan
trueUnited States Steel will freeze benefit accruals for salaried and non-union employees in its main defined benefit plan and two other supplemental plans, effective Dec. 31.
Goodyear Tire & Rubber taps new treasurer to oversee pension plans
truePeter R. Rapin was named vice president and treasurer of Goodyear Tire & Rubber Co., Akron, Ohio, said Keith Price, company spokesman.
Lincoln Electric enters into annuity buyout with Principal Financial
trueLincoln Electric Co. announced it would settle $425 million in outstanding U.S. pension obligations by purchasing a group annuity contract from Principal Financial Group for about 1,900 U.S retirees and beneficiaries.
Fiduciaries to pay $15 million for lack of diversification with Wheeling Severstal plans
trueInvestment manager WPN Corp. and Ronald LaBow, its former president, were ordered Monday to pay $15 million to two defined benefit plans of Severstal Wheeling Inc. for failing to diversify plan assets.
U.K. corporate pension fund contributions down 15.5% in 2014
trueThe U.K.'s largest companies reduced their pension fund contributions in 2014, shows a new report from consultant Lane Clark & Peacock.
Ontario premier outlines contribution schedule for supplemental pension plan
trueOntario's proposed supplemental public pension plan will phase in when and how much companies without workplace retirement plans and their employees must contribute, Ontario Premier Kathleen Wynne said Tuesday.
Procter & Gamble expects to contribute $215 million to pension funds
trueProcter & Gamble Co. estimates that it will contribute $215 million to its worldwide defined benefit pension plans during its 2016 fiscal year ending June 30.
Milliman: Corporate funded status falls on first discount rate drop since March
trueThe funded status of the 100 largest U.S. corporate defined benefit plans fell 70 basis points to 84.8% at the end of July, the Milliman 100 Pension Funding index showed Thursday.
Mercer: S&P 1500 DB funded status drops 1 percentage point in July
trueThe estimated aggregate funding ratio of pension plans sponsored by S&P 1500 companies fell one percentage point to 83% in July, the result of falling discount rates, said a report released Wednesday by Mercer.
Rising liabilities push U.S. corporate funded status down in July — 2 reports
trueThe funded status of U.S. corporate defined benefit plans fell in July because of rising liabilities, said reports from BNY Mellon and Wilshire Consulting.
TUCS funds dip in quarter
trueTrusts in the Wilshire Trust Universe Comparison Service returned a median -0.04% in the second of 2015, down from 2.13% the previous quarter, but outperforming the classic 60/40 portfolio of stocks and bonds for the second consecutive quarter, which returned -0.64%.