Pension funding

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  1. Highway bill would extend health-care option for overfunded DB plans

    trueSponsors of overfunded defined benefit plans will be able to use excess assets for retiree health care and life insurance, under a highway bill passed by the House late Wednesday.

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  1. Large U.K. companies on the hook for additional investment risk

    trueFTSE 350 companies are on the hook to underwrite an additional £100 billion ($155.2 billion) of investment risk within their pension funds, said a new report by Lincoln Pensions.

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  2. CalPERS looks to lower return expectations

    trueCalPERS officials want to lower the pension fund's volatility by reducing the system's 7.5% assumed rate of return over time.

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  3. Multiemployer plan woes put companies under pressure, Moody's report says

    trueMost U.S. multiemployer pension plans are still poorly funded, according to a Moody's Investors Service

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  4. Amended bill to short Chicago teachers pension fund contribution fails

    trueThe Illinois Senate Wednesday failed to pass a bill that would have allowed shortchanging contributions to the Chicago Public School Teachers’ Pension & Retirement Fund for the current and next fiscal years.

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  5. Pew: Public pension funding shortfall exceeds $960 billion

    trueThe funding shortfall of public-sector retirement systems increased by $54 billion in 2013 to reach $968 billion, said a brief released Tuesday by The Pew Charitable Trusts.

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  6. Funding shortfall of U.K. occupational funds eases in June

    trueThe aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund's 7800 index decreased 7.5% to £223.1 billion ($346 billion) in June, as rising gilt yields pushed down liabilities.

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  7. Milliman: Corporate pension funding continues to climb in June

    trueThe funded status of the 100 largest U.S. corporate defined benefit plans improved to 85.6% at the end of June, up 150 basis points from May, the Milliman 100 Pension Funding index showed Thursday.

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  8. Illinois governor unveils new pension reform bill

    trueIllinois Gov. Bruce Rauner announced Wednesday a bill aimed at reducing pension costs at the state, county and city levels.

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  9. Majority of multiemployer plans well funded; 9% 'critical and declining' — survey

    trueA majority of multiemployer pension funds continued to be in the well-funded “green zone” in calendar year 2015, according to Segal Consulting’s latest Survey of Plans’ Zone Status released Wednesday.

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  10. Discount rate rises for fifth straight month, boosting corporate pension funding ratios — 2 reports

    trueThe funded status of corporate defined benefit plans rose in June because of falling liabilities, said reports from BNY Mellon and Aon Hewitt.

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  11. PBGC files liens against Times Publishing

    trueThe PBGC filed liens against the Times Publishing Co., for $30.5 million in missed pension fund contributions and related interest and penalties.

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  12. Corporate pension funding improves in June despite drop in asset values — 2 reports

    trueThe funded status of U.S. corporate pension plans improved slightly in June, said two new reports released Monday.

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  13. 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.

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