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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.
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.
KPERS executive director: Governor's proposal will increase pension contributions by $3.7 billion
trueKansas' pension contributions could increase $3.7 billion over the long term under a series of pension reform measures previously proposed by Kansas Gov. Sam Brownback.
Cincinnati, unions agree to pension benefit changes
trueCincinnati city officials have reached a deal with city employee unions and retirees to improve the funding of the $2.3 billion Cincinnati Retirement System.
Second suit filed over legality of Chicago pension reform
trueA second lawsuit challenging the legality of a 2014 Chicago pension reform law was filed in Cook County Circuit Court Monday.
Sen. Hatch calls for retirement savings legislation
trueTax incentives for retirement plan sponsors and participants are “under increasing pressure” on Capitol Hill to be reduced, Sen. Orrin Hatch, R-Utah, told the Financial Services Roundtable in Washington on Monday.
Illinois Supreme Court to hear opening arguments on state pension law in March
trueThe Illinois Supreme Court will hear oral arguments on the constitutionality of Illinois’ pension law in March, in line with Attorney General Lisa Madigan’s request that the case be heard on an expedited basis.
Judge rules Illinois pension reform law is unconstitutional
trueA Sangamon County Circuit Court judge ruled Friday that Illinois' pension reform law passed last year is unconstitutional.
Walt Disney Co. to contribute up to $375 million to plans in 2015
trueThe Walt Disney Co. plans to contribute $350 million to $375 million to its defined benefit and postretirement medical plans in fiscal year 2015, which began Sept. 28, the company's most recent 10-K filing shows.
UPS to deliver additional $1 billion pension contribution in fourth quarter
trueUnited Parcel Service Inc. plans to make a $1 billion accelerated contribution to its defined benefit plans in the fourth quarter.
Kentucky Teachers' Retirement sued for not addressing 'dire' funded status
trueA high school teacher in Louisville, Ky., filed a lawsuit against the Kentucky Teachers' Retirement System, charging the Frankfort-based system with failing to adequately address its “dire” funded status.
Boeing contributes $750 million to pension funds in 3rd quarter
trueBoeing Co. contributed $750 million to its defined benefit plans in the quarter ended Sept. 30, the company said Wednesday in a Securities and Exchange Commission filing.
Lockheed Martin to forgo pension contributions in 2015 through 2017
trueLockheed Martin Corp. announced Tuesday it has contributed $1 billion in contributions to its defined benefit plans thus far in 2014 out of an expected $2 billion and does not expect to make further contributions for at least three more years.
JPMAM: Corporate pension funding falls in 3rd quarter
trueThe average funded status of pension plans of Russell 3000 companies fell slightly to 86.9% at the end of the third quarter,down 150 basis points from the end of 2013, due to “ebbing rates” and “moderate asset returns,” said a new Pension Pulse report from J.P. Morgan Asset Management.
Trump Entertainment can't stop funding union pension plan, judge says
trueTrump Entertainment Resorts, the bankrupt Atlantic City, N.J., casino owner, was denied court approval to immediately stop contributing to a union pension fund, a blow to its restructuring effort that threatens the future of its remaining casino.