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Wilshire: City and county pension funding ratios climb to 73% in 2013
trueThe aggregate funding ratio of U.S. city and county pension plans rose to 73% in fiscal year 2013, up from 69% in 2012, said a report from Wilshire Consulting.
Good returns ease public pension fund fears as GASB changes take hold
trueThe first batch of public pension fund financial reports under new accounting standards will be out this fall, and after a bumpy adjustment period, the preliminary results so far are good — or at least not as bad as expected.
Loop Capital: State, local funding stabilizes in 2013
truePension funding at both the state and local levels appears to be stabilizing, according to the 12th annual public pension funding review announced Wednesday by Loop Capital Markets, which found minimal annual declines in fiscal year 2013.
S&P downgrades New Jersey bonds on pension liability concerns
trueStandard & Poor’s Ratings Services is lowering its rating on New Jersey’s general obligation bonds to A from A+ in part because of the worsening condition of the state’s pension funding ratio.
U.K. pension funding shortfall grows in August
trueThe aggregate deficit of U.K. occupational pension funds in the Pension Protection Fund’s 7800 index increased 39% to £170.6 billion ($274.6 billion) in August.
Pension funding reports mixed for August
trueThe funded status of the 100 largest U.S. corporate pension plans fell to 84% in August, down from 84.8% in July, said the latest Milliman 100 Pension Funding index.
U.S. corporate pension funding ratios decline on falling discount rate
trueFunding ratios of U.S. corporate pension plans fell in August due to a drop in the discount rate, two new reports show.
Fitch Ratings: Pension liabilities a key measure in distressed companies
trueThe pension liabilities of companies in or near bankruptcy deserve closer attention, said a special report issued Wednesday by Fitch Ratings.
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.
Milliman: Corporate pension plan funding inches down in July
trueThe funded status of the 100 largest U.S. corporate pension plans dropped to 85% in July, down from 85.3% in June, said the latest Milliman 100 Pension Funding index.
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.
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
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.
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.
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.