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Kansas House approves $1.5 billion in pension obligation bonds
trueThe Kansas House of Representatives voted Wednesday to issue $1.5 billion in pension obligation bonds for the Kansas Public Employees Retirement System, Topeka.
truePublic pension funds will continue to shape public policy, budgets and potentially credit quality for states, said a report from Standard & Poor's.
Moody's: Public fund contributions not enough to stem liability growth
trueNew GASB standards reveal “contribution weaknesses” in public pension funding, but their impact on credit ratings is minimal, said a report from Moody's Investors Service.
U.K. companies increasing pension fund amortization periods
trueCompanies are increasingly lengthening their pension fund amortization periods by three years or more in an effort to relieve pressure on repairing funding gaps, new research shows.
NASRA study finds most states funding their pension plans
trueMost governments made good-faith efforts to fund their pension plans, and only a few “severely neglected” their funding responsibilities, said a new study released Wednesday by the National Association of State Retirement Administrators.
Corporate contributions top $17 billion to start 2015
trueFifty-one companies so far have announced they will contribute a combined $17.35 billion to their pension funds in 2015.
Houston Firefighters reach deal with city that avoids lawsuits, new pension fund
trueThe city of Houston will save more than $70 million in pension payments over the next three years and halt lawsuits and proposed pension changes aimed at city firefighters under an agreement signed Thursday by Houston Mayor Annise Parker and the $4 billion Houston Firefighters' Relief and ...
Wilshire: State pension plans' funding ratios rise 6 percentage points in fiscal year 2014
trueThe funding ratio of 131 state defined benefit plans rose 6 percentage points to 80% in fiscal year 2014, said a report from Wilshire Consulting.
BP charts $4.72 billion in contributions to U.K. pension funds through 2021
trueBP PLC expects to contribute a total of $4.72 billion to its U.K. defined benefit plans through 2021, said its annual report released Tuesday.
Kansas Senate passes bill to issue $1 billion in pension obligation bonds
trueThe Kansas Senate passed a bill to issue $1 billion in pension obligation bonds to improve the funding of the Kansas Public Employees Retirement System.
Exelis to contribute up to $185 million to pension fund in 2015
trueExelis Inc. expects to contribute between $175 million and $185 million to its $4.56 billion defined benefit plan in 2015, its latest 10-K filing shows.
Sears plans $275 million contribution to pension funds
trueSears Holdings Corp. expects to contribute $275 million to its U.S. pension fund in 2015.
Coca-Cola, Altria set pension contributions for 2015
trueCoca-Cola Co., Atlanta, announced in its 10-K filing Wednesday that it plans to make a discretionary contribution of $90 million to its non-U.S. pension funds.
Exxon Mobil to contribute $560 million to non-U.S. pension funds
trueExxon Mobil Corp. expects to contribute $560 million to its non-U.S. pension funds in 2015.
Merchant Navy Ratings plan gets approval to require all employers to pay down deficit
trueTrustees of the Merchant Navy Ratings Pension Fund won approval from the High Court of Justice on Wednesday to introduce a new deficit contribution plan that requires all employers to pay contributions to deal with a more than £300 million ($462.8 million) deficit.