Watch breaking news videos and read news updates about Pension Funding on pionline.com
Damage of low rates
trueThe best thing that could be done for pension funds in 2015 is something they can't do themselves: increase interest rates.
Kimberly-Clark to contribute up to $100 million to pension funds in 2015
trueKimberly-Clark Corp., Dallas, plans to contribute up to $100 million to its worldwide defined benefit plans this year, spokesman Bob Brand said.
KPERS executive director: Governor's proposal will increase pension contributions by $3.7 billion
trueKansas' pension contributions could increase $3.7 billion over the long term under a series of pension reform measures previously proposed by Kansas Gov. Sam Brownback.
U.K. pension funding deficit increases 20% in December
trueThe aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund's 7800 index increased 20% to £266.3 billion ($402 billion) in December.
Funding levels take a tumble in 2014
trueThe funded status of corporate defined benefit plans in the U.S., U.K. and Canada dropped in the 12 months ended Dec. 31 as liabilities rose faster than assets, various funding reports showed.
Merchant Navy Officers hedges pension fund longevity risk with Pacific Life Re
trueMerchant Navy Officers Pension Fund, Surrey, England, hedged £1.5 billion ($2.3 billion) of longevity risk with Pacific Life Re.
Corporate pension funding ends 2014 on sour note — 3 reports
trueThe funded status of U.S. corporate defined benefit plans fell about three percentage points in the fourth quarter of 2014, and roughly nine percentage points year-over-year, said reports from BNY Mellon, Mercer and Legal & General Investment Management America.
U.K. corporate pension deficit nearly doubles in 2014; funding ratio drops to 85%
trueThe aggregate deficit of the defined benefit plans of the U.K.'s largest 350 firms almost doubled over the year ended Dec. 31 to £107 billion ($162.2 billion), said a Mercer report.
Towers Watson: Corporate pension funding plummets in 2014 on mortality tables, falling rates
trueThe funded status of the largest corporate pension plans fell nine percentage points in 2014, down to 80% from 89% in 2013, Towers Watson said.
Cincinnati, unions agree to pension benefit changes
trueCincinnati city officials have reached a deal with city employee unions and retirees to improve the funding of the $2.3 billion Cincinnati Retirement System.
Second suit filed over legality of Chicago pension reform
trueA second lawsuit challenging the legality of a 2014 Chicago pension reform law was filed in Cook County Circuit Court Monday.
Congress did the right thing to protect multiemployer plans
trueCongress made the right decision to allow severely financially distressed multiemployer pension plans to cut retiree benefits.
Assets of top 50 U.K. pension funds jump 15.5%
trueThe 50 largest pension funds in the U.K. had about £603.2 billion ($1.03 trillion) in assets as of June 30, an increase of 15.5% compared with the same date in 2012, according to Pensions & Investments' survey of the funds.
Unions file lawsuit challenging constitutionality of Chicago pension reform law
trueFour labor unions, along with active and retired city workers, filed a lawsuit Tuesday that argues a Chicago pension reform law violates Illinois' constitutional clause that pension benefits should not be “diminished or impaired.”
TRW Automotive Holdings agrees to annuity buyout with MetLife for U.S. retirees
trueTRW Automotive Holdings Inc., Livonia, Mich., purchased a group annuity contract from MetLife Inc. in a $440 million transaction to provide pension benefits to more than 7,000 TRW retirees and beneficiaries.