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Highway bill would extend health-care option for overfunded DB plans
trueSponsors of overfunded defined benefit plans will be able to use excess assets for retiree health care and life insurance, under a highway bill passed by the House late Wednesday.
Moody's: Pension liabilities increasing for majority of largest local governments
truePension burdens increased for 31 of the 50 largest local governments in fiscal year 2013, said a new report from Moody's Investors Service.
Large U.K. companies on the hook for additional investment risk
trueFTSE 350 companies are on the hook to underwrite an additional £100 billion ($155.2 billion) of investment risk within their pension funds, said a new report by Lincoln Pensions.
CalPERS looks to lower return expectations
trueCalPERS officials want to lower the pension fund's volatility by reducing the system's 7.5% assumed rate of return over time.
Multiemployer plan woes put companies under pressure, Moody's report says
trueMost U.S. multiemployer pension plans are still poorly funded, according to a Moody's Investors Service
Amended bill to short Chicago teachers pension fund contribution fails
trueThe Illinois Senate Wednesday failed to pass a bill that would have allowed shortchanging contributions to the Chicago Public School Teachers’ Pension & Retirement Fund for the current and next fiscal years.
Pew: Public pension funding shortfall exceeds $960 billion
trueThe funding shortfall of public-sector retirement systems increased by $54 billion in 2013 to reach $968 billion, said a brief released Tuesday by The Pew Charitable Trusts.
Funding shortfall of U.K. occupational funds eases in June
trueThe aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund's 7800 index decreased 7.5% to £223.1 billion ($346 billion) in June, as rising gilt yields pushed down liabilities.
Milliman: Corporate pension funding continues to climb in June
trueThe funded status of the 100 largest U.S. corporate defined benefit plans improved to 85.6% at the end of June, up 150 basis points from May, the Milliman 100 Pension Funding index showed Thursday.
Illinois governor unveils new pension reform bill
trueIllinois Gov. Bruce Rauner announced Wednesday a bill aimed at reducing pension costs at the state, county and city levels.
Majority of multiemployer plans well funded; 9% 'critical and declining' — survey
trueA majority of multiemployer pension funds continued to be in the well-funded “green zone” in calendar year 2015, according to Segal Consulting’s latest Survey of Plans’ Zone Status released Wednesday.
Discount rate rises for fifth straight month, boosting corporate pension funding ratios — 2 reports
trueThe funded status of corporate defined benefit plans rose in June because of falling liabilities, said reports from BNY Mellon and Aon Hewitt.
PBGC files liens against Times Publishing
trueThe PBGC filed liens against the Times Publishing Co., for $30.5 million in missed pension fund contributions and related interest and penalties.
Corporate pension funding improves in June despite drop in asset values — 2 reports
trueThe funded status of U.S. corporate pension plans improved slightly in June, said two new reports released Monday.
Options proposed for Chicago teachers pension fund payments
trueA series of proposals has been made to modify the way future payments are made to the Chicago Public School Teachers' Pension & Retirement Fund.