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Corporate pension funding slides in August despite declining liabilities — 2 reports
trueDeclining asset values pushed U.S. corporate pension funding levels down in August, said reports from BNY Mellon and Wilshire Consulting.
Mercer: Equity market turmoil pushes corporate pension funding levels down in August
trueThe estimated aggregate funding ratio of pension plans sponsored by S&P 1500 companies fell two percentage points to 81% in August, said a report released Tuesday by Mercer.
U.K. corporate pension fund deficits fall 4.2% in August
trueThe total deficit of U.K. corporate pension funds decreased 4.2% to £248 billion ($389 billion) in August.
Weakest multiemployer pension plans continue to deteriorate — SOA study
trueFinancially stable multiemployer pension funds became more stable between 2009 and 2013, while financially distressed plans got slightly worse, new research finds.
U.K. corporate pension fund contributions down 15.5% in 2014
trueThe U.K.'s largest companies reduced their pension fund contributions in 2014, shows a new report from consultant Lane Clark & Peacock.
Funded status volatility falls in July
trueNISA Investment Advisors' Pension Surplus Risk index fell 60 basis points in July to 9.1%.
Milliman: Corporate funded status falls on first discount rate drop since March
trueThe funded status of the 100 largest U.S. corporate defined benefit plans fell 70 basis points to 84.8% at the end of July, the Milliman 100 Pension Funding index showed Thursday.
Mercer: S&P 1500 DB funded status drops 1 percentage point in July
trueThe estimated aggregate funding ratio of pension plans sponsored by S&P 1500 companies fell one percentage point to 83% in July, the result of falling discount rates, said a report released Wednesday by Mercer.
Illinois Senate passes bill to aid Chicago Public Schools in pension fund contributions
trueThe Illinois Senate passed a bill that would modify the way payments are made to the $10.2 billion Chicago Public School Teachers’ Pension & Retirement Fund.
Rising liabilities push U.S. corporate funded status down in July — 2 reports
trueThe funded status of U.S. corporate defined benefit plans fell in July because of rising liabilities, said reports from BNY Mellon and Wilshire Consulting.
Mercer: FTSE 350 pension deficit climbs in June on falling corporate bond yields
trueThe total deficit for defined benefit funds of the FTSE 350 companies increased 17.3% to £95 billion ($147.5 billion) over the month ended July 31, driven by a fall in corporate bond yields, Mercer said.
U.K. corporate plan deficits rise in July
trueThe total deficit of U.K. corporate pension funds increased 2.4% to £259 billion ($401.5 billion) in July, said JLT Employee Benefits in its latest monthly index.
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.