Corporate pension plans
News and video about Corporate pension plans from Pensions & Investments.
Plan funding notices to apply to single-employer plans for first time; final rule expected Feb. 2
trueSingle-employer defined benefit plan sponsors covered by ERISA will have new guidelines for annual funding notices when the Department of Labor’s Employee Benefits Security Administration publishes a final rule Feb. 2.
Mercer: Pension annuity buyout premium decreases relative to liability
trueThe average cost of a defined benefit plan purchasing a group annuity contract from an insurer fell to 105.3% of the assets being transferred in December, the latest Mercer U.S. Pension Buyout Index said.
BT to contribute £2 billion to pension fund over next 3 years
trueBT Group PLC, the sponsoring employer of the BT Pension Scheme, London, will contribute £2 billion ($3 billion) over the next three years in an effort to plug the U.K. pension fund's growing deficit.
NAPF, Pensions Management Institute ends talks on potential merger
trueThe U.K.’s National Association of Pension Funds and the Pensions Management Institute have closed discussions over the potential merger of their organizations.
Ford to contribute $1.1 billion to pension plans in 2015
trueFord Motor Co. intends to contribute a total of $1.1 billion in cash to its funded defined benefit plans worldwide in 2015.
Canadian pension funds post 11.9% return in 2014 despite oil drop — survey
trueCanadian defined benefit plans’ investments weathered a late-year drop in oil prices and geopolitical tensions to return 11.9% for 2014, based on RBC Investor & Treasury Services’ quarterly survey.
Ontario Power Generation chooses Mercer exec as director of private markets
trueRyan Bisch joined Ontario Power Generation as director, private markets, for the firm's investment funds.
General Dynamics, American Electric Power chart 2015 pension contributions
trueGeneral Dynamics Corp. plans to contribute $185 million to its defined benefit plans in 2015, while American Electric Power Co. announced that it will contribute $87 million to its pension funds also in 2015, up from $71 million in 2014..
'Minimal' Boeing pension contributions expected this year despite 64% liability increase
trueBoeing Co.'s unfunded defined benefit plan liabilities jumped 64% to $17.1 billion as of Dec. 31, compared with $10.4 billion a year earlier, the Chicago-based company reported in a filing Wednesday with the Securities and Exchange Commission.
Coats hires group pensions director from Sainsbury
trueJohn Lovell was appointed group pensions director at Coats PLC.
Damage of low rates
trueThe best thing that could be done for pension funds in 2015 is something they can't do themselves: increase interest rates.
Kimberly-Clark to contribute up to $100 million to pension funds in 2015
trueKimberly-Clark Corp., Dallas, plans to contribute up to $100 million to its worldwide defined benefit plans this year, spokesman Bob Brand said.
Timken Co. completes annuity buyout with Prudential to reduce liabilities by $600 million
trueTimken Co., Canton, Ohio, announced on Thursday it has purchased a group annuity contract from Prudential Insurance Co. of America to pay future benefits for about 5,000 U.S. retirees.
Verizon Communications calls for $700 million pension fund contribution
trueVerizon Communications Inc. plans to contribute $700 million to its defined benefit plans in 2015, the minimum funding requirement, the company announced in an 8-K filing with the Securities and Exchange Commission on Thursday.
Tennants Consolidated selects Buck as consultant for DB, DC plans
trueTennants Consolidated Ltd. Pension Fund, London, hired Buck Consultants to provide general retirement plan consulting, actuarial, administration and secretarial services for its defined benefit and defined contribution plans.