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NISA: Funded status volatility falls in February after January spike
trueAfter rising to its highest level in four months in January, NISA Investment Advisors' Pension Surplus Risk index fell 50 basis points in February to 9.8%.
Healthcare of Ontario Pension Plan reports 124% funded status, returns 8.55% in 2013
trueHealthcare of Ontario Pension Plan, Toronto, on Thursday reported a net funding ratio of 124% as of Dec. 31, up from 119% at the end of 2012.
Milliman: Corporate pension plan funding rises to 91.8% in February
trueThe funding ratio of 100 of the largest U.S. corporate defined benefit pension plans rose to 91.8% at the end of February, according to the latest Milliman 100 Pension Funding Index.
Mercer: FTSE 350 companies' aggregate funding ratio improves a bit
trueThe aggregate defined benefit pension plan funding ratio improved slightly for companies in the FTSE 350 to 85% in February, from 84.4% the previous month, due to strong stock market returns, even though those returns were slightly offset by an increase in liabilities, according to Mercer's ...
Wilshire: State pension plans' funding ratios increase to 75% in 2013
trueThe funding ratio of 134 state defined benefit plans rose three percentage points to 75% in the fiscal year ended June 30, according to a report from Wilshire Consulting.
Corporate pension funding improves in February — 2 reports
trueThe funded status of U.S. corporate defined benefit pension plans improved in February, primarily due to rebounding equity markets, according to two new reports from Aon Hewitt and BNY Mellon Investment Management.
Mercer: Corporate pension funding drops in February due to year-end recalculations
trueThe funded status of S&P 1500 companies' pension funds fell slightly in February, primarily due to newly available year-end financial reports, according to a report from Mercer.
2013 corporate funded status data now available
trueNumerous corporations have filed their annual reports with the SEC. Information on their defined benefit plans is now available in the P&I Research Center. Fair value of plan assets, projected benefit obligation, funded status, funding ratio, discount rate, assumed rate of return and estimated ...
Verizon to dial up $1.4 billion for DB plans in 2014
trueVerizon Communications Inc., New York, will contribute approximately $1.2 billion to its qualified defined benefit plans and about $200 million to its nonqualified plans in 2014.
Cigna slates $100 million pension contribution for year
trueCigna Corp., Bloomfield, Conn., plans to make about $100 million in pension contributions this year, according to its 10-K filing.
Merck to inject $250 million into pension funds this year
trueMerck & Co., Whitehouse Station, N.J., plans to contribute about $250 million to its defined benefit pension funds worldwide in 2014, according to its 10-K filed Thursday with the Securities and Exchange Commission.
International Paper to freeze benefit accruals for salaried employees in DB plan
trueInternational Paper Co., Memphis, Tenn., will freeze the accrued benefits of salaried employees in its U.S. defined benefit pension fund effective Jan. 1, 2019, according to a 10-K filing with the SEC on Thursday.
Exxon Mobil fueling pension funds with $2.2 billion in 2014
trueExxon Mobil Corp., Irving, Texas, plans to contribute $1.4 billion to its U.S. defined benefit pension funds and $800 million to its non-U.S. plans in 2014.
Texas Employees returns 14.3% in 2013, outperforming policy benchmark
trueTexas Employees Retirement System, Austin, returned 14.3% for the year ended Dec. 31, surpassing the policy benchmark return by 50 basis points.
Christie sets N.J. pension contribution at $2.25 billion
trueNew Jersey Gov. Chris Christie said Tuesday that his proposed budget for the next fiscal year includes a $2.25 billion contribution to the state's public pension system.