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U.K. corporate plans' aggregate deficit worst since 2007
The aggregate funded status of FTSE 350 corporate pension funds dropped two percentage points in April to 84%, according to a report from Mercer.
2 Cook County pension funds see funded status decline
Cook County Annuity & Benefit Fund, Chicago, had a funding ratio of 53.5% in 2012, while the Cook County Forest Preserve District Employees' Annuity & Benefit Fund had a 56.7% funding ratio, according to an a new actuarial valuation.
Corporate plans' funded status down in April, Milliman finds
Funded status of 100 largest U.S. corporate pension plans fell in April to 81.2% from 82.8% at the end of March, according to the latest Milliman 100 Pension Funding Index.
Mercer: S&P 1500 pension funding dips in April after 6 months of improvement
The aggregate funded status of S&P 1500 companies' pension plans dropped two percentage points in April as the discount rate dipped toward historic lows, according to Mercer's monthly funded status report.
Corporate DB plan funding slides 1.8 points to 80.8% despite asset growth
The funded status of the typical U.S. corporate defined benefit pension plan dropped 1.8 percentage points in April despite another month of asset growth, according to BNY Mellon Investment Management's monthly pension summary.
Illinois House passes pension reform bill, setting up battle with Senate
The Illinois House of Representatives passed a comprehensive pension reform bill Thursday and sent it back to the Senate, which has approached reform from a different direction.
There's no relief for corporate pension plans
Despite strong market performance and high employer contributions, the funded status of the 100 largest U.S. corporate pension plans remained relatively flat for 2012, according to Pensions & Investments' annual analysis of corporate SEC filings.
Girl Scouts ask Congress for a do-over on pension plan exemption
Pension funding relief is supposed to help defined benefit plan sponsors, but for the Girl Scouts of the USA, it has turned into a case of “be careful what you wish for.”
Towers Watson: Funded status of top corporate funds down in 2012
Strong investment returns and sizable employer contributions were not enough to improve the funded status of the 100 largest publicly traded U.S. corporate pension plans, according to a report from Towers Watson.
Milliman: U.S. corporate pension plan funding rises to 82.7% in March
The 100 largest U.S. corporate pension plans' funding ratio improved in March to 82.7% from 81.2% in February, according to the latest Milliman 100 Pension Funding Index.
Bill to measure pension liabilities by fair market value introduced in House
State and local governments would have a single standard for disclosing pension liabilities that would be measured by fair market value, under a legislative proposal introduced Thursday by Rep. Devin Nunes, R-Calif.
Moody's: Pension liability's greater role in ratings could lead to downgrades
Pension obligations will play a larger role in credit rating of state and local governments by Moody's Investors Service, which announced its new approach Wednesday.
Common drug could create big pension liabilities
Aspirin's use fighting cancer has the potential to increase pension liabilities by as much as $100 billion by extending lifespans, a risk modeler said in a report.
'Emergency czar' to look at Detroit's pension problems
The fate of Detroit's two public pension funds is uncertain as emergency financial manager Kevyn Orr assesses just how bad the city's finances really are.
Corporate funding rises in 1st quarter
The first quarter of 2013 ended with the funded status of U.S. corporate defined benefit pension plans having improved significantly from the end of the year, thanks primarily to strong equity returns and higher discount rates, according to several reports.