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Alaska governor proposes $3 billion contribution to 2 state pension funds
trueAlaska Gov. Sean Parnell proposed a $3 billion contribution to the state's two largest pension funds as part of his fiscal year 2015 budget plan, released Thursday.
Chicago still needs to reform pension system
trueAfter finally tackling pension reform, Illinois legislators now need to figure out a way to help Chicago, which faces a steep increase in pension contributions in 2015.
Liabilities growth still outpacing assets, report finds
trueThe largest U.S. public retirement systems had an aggregate 0.9% growth in assets in fiscal year 2012, but a 4.1% growth in liabilities, according to the Public Fund Survey released Wednesday.
Illinois General Assembly passes pension reform bill
trueThe Illinois General Assembly approved a wide-ranging pension reform bill Tuesday aimed at saving $160 billion over the next 30 years and bringing the state-administered plans to 100% funding by 2045.
Loop Capital: State, local pension plan funding drops in 2012
trueState pension plans' funded status dropped two percentage points in fiscal year 2012 as only five states reported improved funding ratios, according to the 11th annual public pension funding review by Loop Capital Markets.
United Continental to contribute $275 million in each of next 5 years
trueUnited Continental Holdings Inc., Chicago, is expected to contribute an average of $275 million to its pension funds in each of the next five years.
Ford parks $1.1 billion in DB plans in Q3
trueFord Motor Co., Dearborn, Mich., contributed $1.1 billion to its global defined benefit pension plans in the third quarter, the company announced in its third-quarter earnings release on Thursday.
Boeing contributes $1.5 billion to DB plans in Q3
trueBoeing Co., Chicago, contributed $1.5 billion to its defined benefit pension plans in the quarter ended Sept. 30, bringing to $1.513 billion the total contributions it has made this year.
Lockheed Martin targets $1 billion in 2014 DB plan contributions
trueLockheed Martin Corp. expects to contribute $1 billion to its defined benefit pension funds in 2014.
CalPERS to appeal San Bernardino's bankruptcy eligibility
trueCalPERS will appeal a judge’s ruling that found the city of San Bernardino eligible to remain in Chapter 9 bankruptcy.
Strong investment returns, smoothing lead DiNapoli to curb contributions
trueNew York state Comptroller Thomas P. DiNapoli announced on Tuesday a drop in employer contribution rates for the state's two retirement systems beginning April 1 thanks in part to strong investment returns.
Revstone, Metavation fight PBGC, creditors' plan
trueAuto parts supplier Metavation LLC and its parent company, Revstone Industries, are fighting plans by the PBGC and other creditors to determine the companies’ fate in Chapter 11 bankruptcy proceedings.
DOL's Perez backs unions in pension melee
trueLabor Secretary Thomas Perez inherited a fight over workers' rights and California's pension reforms.
Musicians protest to get pension contributions from club owner
trueThe American Federation of Musicians' Greater New York chapter is trying to get famed restaurateur Danny Meyer to face the music and start contributing to the union's pension plan.
Stop the presses: WaPost's pension plan has a surplus
trueA change in corporate owners can be traumatic, but participants in the Washington Post Co.'s defined benefit pension plan and shareholders can take comfort from knowing that paying pension benefits won't be an issue. The $2.07 billion plan is 141% funded.