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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.
ConocoPhillips, Textron power up contributions to global pension funds
trueConocoPhillips Co. expects to contribute about $300 million total to its global qualified and non-qualified pension and post-retirement benefit plans in 2015, while Textron Inc. plans to contribute a total of about $80 million to its defined benefit and defined contribution plans.
AT&T dials up $735 million pension fund contribution
trueAT&T Inc., Dallas, plans to contribute $735 million to its pension funds in 2015.
Prudential Financial, Xcel Energy report 2015 pension contributions
truePrudential Financial Inc. plans to contribute $125 million to its pension funds in 2015, while Xcel Energy Inc. contributed $90 million to its U.S. defined benefit plans in January to meet minimum funding requirements.
AIG to contribute $173 million to global pension funds in 2015
trueAmerican International Group Inc., New York, plans to contribute about $173 million total to its global pension funds in 2015.
Kentucky House passes bill to issue $3.3 billion in pension obligation bonds
trueThe Kentucky House of Representatives passed a bill to issue $3.3 billion in pension obligation bonds in fiscal year 2015-2016 to improve the funding of the Kentucky Teachers’ Retirement System.
N.J. governor's budgeted pension contribution less than half of amount promised
trueNew Jersey Gov. Chris Christie proposed a fiscal year 2016 budget Tuesday that cuts a promised pension payment by more than half a day after a judge ruled he must contribute an additional $1.6 billion to the pension fund for the 2015 fiscal year after Mr. Christie initially withheld that payment.
Corporate pension funds weigh derisking vs. re-risking
trueCorporate plan sponsors on both sides of the Atlantic are pushing back against the ramifications of lower interest rates, tipping a balance to re-risking from a derisking glidepath, say money managers, consultants and strategists.
Alcoa to contribute $485 million to pension funds
trueAlcoa Inc., Pittsburgh, expects to make a total of $485 million in contributions to its global pension funds in 2015, of which $380 million is for its U.S. plans.
Chevron slates $600 million in contributions to worldwide pension funds
trueChevron Corp., San Ramon, Calif., expects to contribute about $350 million to its U.S. defined benefit plan and $250 million to its international pension funds in 2015, the company said in its 10-K filing.