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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.
Corporate defined benefit funded status up for quarter, reports say
trueThe funded status of a typical U.S. corporate pension plan rose in the second quarter of 2015 due to falling liabilities, said two new reports from Legal & General Investment Management America and UBS Global Asset Management.
States wrestle with pension issues as new fiscal year starts
trueWednesday marks the first day of the new fiscal year for most states, including Illinois and Pennsylvania, where in spite of the date, 2016 fiscal year budgets have yet to be passed.
U.S. state pension funding map
trueSee a heat map of state pension funding levels with additional information.
Lane Clark: Secondary annuity transactions could help pension funds match liabilities
trueDefined benefit plans could buy up annuities on the secondary market to match changes in long-term interest rates and longevity, said pension fund consultant Lane Clark & Peacock.
GSAM: Higher allocations to U.K. equities hurt FTSE 350 pension funding in 2014
trueA tendency to overallocate to domestic equities caused the defined benefit plans of the U.K.'s FTSE 350 companies to suffer in 2014, said Goldman Sachs Asset Management.
Public plans doing better on funding — study
trueMost public pension plans improved their funded status in 2014 and are likely to be more than 80% funded by 2018, according to a report released Friday by the Center for State and Local Government Excellence in Washington.
Teamsters, machinists, aerospace unions support bill to repeal multiemployer reforms
trueInternational Brotherhood of Teamsters endorsed legislation introduced Thursday that would repeal the Multiemployer Pension Reform Act of 2014.
Central States unveils website for rescue plan to save underfunded pension plan
trueTeamsters Central States, Southeast & Southwest Areas Pension Plan acknowledged “clearly the math will never work” on funding its defined benefit plan, said a new website it created to provide details of a “rescue plan” it is developing.
S&P: State pension funding ratios inch up; 24 states see declines
trueU.S. state pension funding ratios have improved slightly, a report from Standard & Poor's Ratings Services said.
GFOR: Healthy, and not so healthy, DB plans
trueOfficials from Florida and North Carolina described their states' healthy defined benefit plans at Pensions & Investments' Global Future of Retirement conference in New York on Monday, but a third executive — the superintendent of pensions in Costa Rica — expressed concerns about the management of ...
N.J. contribution ruling called "double-edged sword'
trueThe New Jersey Supreme Court's ruling that allowed the state to renege on a pension funding promise is seen as “a double-edged sword” by ratings agencies.
Funding of U.K. pension plans improves slightly in May
trueThe total deficit of occupational pension funds covered by the U.K. Pension Protection Fund’s 7800 index decreased 0.4% to pound;241.3 billion ($368.8 billion) in May as asset increases more than offset rising liabilities, the PPF’s monthly update showed.
New Jersey high court backs Gov. Christie in pension fight
trueThe New Jersey Supreme Court on Tuesday supported Gov. Chris Christie's withholding of payments to the New Jersey Pension Fund for the fiscal year ending June 30, saying the governor's reneging on a promise didn't violate the state constitution.
S&P 500 company pension funding ratio falls in 2014
trueThe funding ratio of pension plans sponsored by S&P 500 companies fell 6.7 percentage points to 81.2% in 2014, said new research from S&P Dow Jones Indices.