Corporate pension plans
News and video about Corporate pension plans from Pensions & Investments.
Johnson & Johnson seeks senior director for retirement plans
trueJohnson & Johnson, New Brunswick, N.J., is searching for a senior director, benefit trust investments.
Canadian pension fund assets gain 5.3% in first quarter
trueCanadian pension fund assets were up 5.3% in the first quarter, totaling C$1.412 trillion (US$1.29 trillion) as of March 31, Statistics Canada, the government's statistics agency, reported Wednesday.
Standard Life to freeze its pension plan in 2016
trueStandard Life PLC, Edinburgh, is freezing its U.K. defined benefit plan in April 2016 to mitigate risk and increasing costs associated with running the pension fund in the future.
Pension funding reports mixed for August
trueThe funded status of the 100 largest U.S. corporate pension plans fell to 84% in August, down from 84.8% in July, said the latest Milliman 100 Pension Funding index.
U.S. corporate pension funding ratios decline on falling discount rate
trueFunding ratios of U.S. corporate pension plans fell in August due to a drop in the discount rate, two new reports show.
Towers Watson: Retirement plan landscape stabilizing for Fortune 500 companies
trueWhile the 15-year trend of Fortune 500 companies moving away from defined benefit plans is continuing, the rate of transition is slowing down and the retirement plan landscape is stabilizing, said a report from Towers Watson.
Fitch Ratings: Pension liabilities a key measure in distressed companies
trueThe pension liabilities of companies in or near bankruptcy deserve closer attention, said a special report issued Wednesday by Fitch Ratings.
Wilshire: S&P 500 funded status dips in August
trueThe aggregate funding ratio for U.S. corporate defined benefit plans fell to 85.5% in August, down from 86.1% the previous month, said a monthly report from Wilshire Consulting.
ERISA at 40
trueWhile the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ERISA did accomplish, there are now calls for fixing what it did not.
Brink's offers lump-sum payment to former employees
trueThe Brink's Co., Richmond, Va., announced on Friday it has offered certain former employees who are vested in its U.S. defined benefit plan the option to accept a lump sum.
South Korean companies required to enroll employees in retirement plans
trueSouth Korea's government said it plans to ease rules on pension fund management and force all companies to enroll employees in private retirement plans by 2022 as it bids to improve incomes among senior citizens.
Interserve pension plan agrees to buy-in with Aviva
trueThe trustees of the Interserve Pension Scheme, Reading, England, have agreed to a buy-in with Aviva PLC to cover £300 million ($497.8 million) of pension liabilities, said a spokesman for the sponsoring employer, Interserve PLC.
Financial services companies have best pension funding ratio — report
trueFinancial services companies have the best funded defined benefit plans compared to other business sectors, said a report from BNY Mellon's investment strategy and solutions group.
PGL Pension Scheme conducts £900 million longevity swap
trueThe trustees of the PGL Pension Scheme, Birmingham, England, hedged the longevity risk of £900 million ($1.5 billion) of liabilities with Phoenix Life.
Vestey Group enters into pension buyout with Rothesay Life
trueVestey Group has conducted a £280 million ($464.4 million) bulk annuity deal with Rothesay Life for its pension fund, Western United Group Pension Scheme, London, said Ben Fowler, group head of reward and HR development for the firm.