Pension funding

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  1. Financial services companies have best pension funding ratio — report

    trueFinancial services companies have the best funded defined benefit plans compared to other business sectors, said a report from BNY Mellon's investment strategy and solutions group.

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  1. U.K. pension funding deficit rises 12.6% in July

    trueThe aggregate deficit of U.K. occupational pension funds in the Pension Protection Fund's 7800 index increased 12.6% to £122.7 billion in July.

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  2. SEC, Kansas settle over state's pension fund disclosure in bond offerings

    trueThe state of Kansas reached a settlement with the Securities and Exchange Commission Monday

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  3. Report: Scranton commuter tax to ease underfunding

    trueA commuter tax enacted by Scranton, Pa., and earmarked for the city’s three retirement plans will raise a projected $5.1 million annually and “chip away” at the city’s $150.2 million in unfunded pension liabilities.

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  4. NISA: Funded status volatility back up from historic low

    trueAfter hitting a historic low in June, the NISA Investment Advisors Pension Surplus Risk index rose 80 basis points to 9.4% at the end of July.

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  5. Mercer: S&P 1500 funded status flat at 85% in July

    trueThe funded status of S&P 1500 companies with defined benefit plans remained at 85% in July due to falling equity markets and slightly rising interest rates, said a monthly report from Mercer.

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  6. FTSE 350 pension plan deficit up 3.6% in July

    trueThe total deficit of defined benefit plans at companies in the U.K.’s FTSE 350 increased 3.6% during July to £116 billion ($195.6 billion).

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  7. Ontario utility pension funds unstable, government report says

    trueOntario’s four government-run energy-sector pension plans with a combined C$15.8 billion (US$14.5 billion) in assets are unstable and don’t have strategies to handle future deficits if they underperform actuarial assumptions, said an Ontario Finance Ministry report.

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  8. BNY Mellon: DB plan funded status falls in July

    trueThe funded status of a typical U.S. corporate defined benefit plan dropped to 90.8% in July, down 1.2 percentage points from June, said the BNY Mellon Institutional Scorecard.

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  9. Church-plan status under increased scrutiny

    trueA growing number of lawsuits and some key court rulings are making it harder for church-affiliated defined benefit plans to be exempt from the Employee Retirement Income Security Act.

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  10. Senate passes House version of highway bill

    trueThe U.S. Senate approved on Thursday the House version of a highway funding bill that includes more generous pension funding calculations.

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  11. Senate reduces pension smoothing measures for highway bill

    trueThe Senate version of a highway funding bill approved Tuesday calls for less generous pension funding calculations for defined benefit plans than a House plan approved July 15.

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  12. New actuary tables may be 'nail in the coffin' for DB plans

    trueThe measured value of liabilities for most defined benefit plans will increase between 3% and 8% with the adoption of new mortality tables, said a report from Wilshire Consulting.

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  13. S&P 500 company pension deficit drops 50% in 2013

    trueS&P 500 pension plan underfunding was cut in half to $224 billion in fiscal year 2013, down from $452 billion in 2012, said research by S&P Dow Jones Indices.

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