Watch breaking news videos and read news updates about Pension Funding on pionline.com
Insolvency rate slowing for U.K. companies with pension funds — report
trueThe insolvency rate of sponsoring employers with defined benefit plans that are eligible for inclusion in the U.K. Pension Protection Fund fell sharply over the nine months ended March 31.
Boeing offers lump-sum, immediate annuity options to 40,000 former employees
trueBoeing Co., Chicago, is offering an option of a lump-sum payout or an annuity to 40,000 former employees who have not yet retired, the first time the company has offered such choices from its existing defined benefit plans.
PPF to assess Monarch Airlines for DB takeover
trueMonarch Airlines Retirement Benefits Plan Ltd. is expected to enter an assessment for entry into the Pension Protection Fund within a matter of weeks.
2 senators call for derisking rules
trueSenate Finance Committee Chairman Ron Wyden, D-Ore., and Senate Health, Education, Labor and Pensions Committee Chairman Tom Harkin, D-Iowa, want federal regulators to set clear guidelines for employers undertaking pension derisking.
New Orleans mayor creates pension reform group to sustain firefighters plan
trueNew Orleans Mayor Mitch Landrieu signed an executive order establishing a pension reform working group to recommend changes to the New Orleans Fire Fighters Pension & Relief Fund.
JPMAM: Corporate pension funding falls in 3rd quarter
trueThe average funded status of pension plans of Russell 3000 companies fell slightly to 86.9% at the end of the third quarter,down 150 basis points from the end of 2013, due to “ebbing rates” and “moderate asset returns,” said a new Pension Pulse report from J.P. Morgan Asset Management.
U.K. pension funding shortfall drops 2.4% in September
trueThe aggregate deficit of occupational pension funds in the U.K. Pension Protection Fund’s 7800 index decreased 2.4% to £166.5 billion ($265.2 billion) in September.
Milliman: Multiemployer pension plans 81% funded in 2013
trueThe aggregate funded status of U.S. multiemployer pension plans rose to 81% in 2013, up nine percentage points from the end of 2012, said a new report from Milliman.
State pension funding showing strength
trueU.S. state pension funds are strengthening for the first time in six years as rising contributions and rallying stocks ease a fiscal strain that’s vexed municipal leaders since the recession.
Funded status volatility rises in September
trueNISA Investment Advisors' Pension Surplus Risk index jumped 40 basis points to 9.6% in September, driven by an increase in both return-seeking asset and interest rate volatility.
Milliman: Corporate pension plan funding climbs in September
trueThe funded status of the 100 largest U.S. corporate defined benefit plans improved slightly in September.
Mercer: Pension funded status of S&P 1500 companies stable in September
trueThe funded status of defined benefit pension plans of S&P 1500 companies remained at 84% in September, said a monthly report from Mercer.
Corporate pension plans' funding ratios end Q3 on the decline — 3 reports
trueU.S. corporate pension plans experienced a decline in funding ratios by the end of September as a result of slowing growth in assets unable to keep up with liability values.
Chicago pension funding ratios drop 30 points since 2003 — report
trueThe aggregate actuarial funding ratio of 10 Chicago-area pension plans was 45.5% at the end of fiscal year 2012, down from 74.5% in 2003, said a recent report from the Civic Federation, an independent government research organization in Chicago.
BNY Mellon: Corporate pension funding ratios fall to lowest level since August 2013
trueThe funded status of a typical U.S. corporate defined benefit plan dropped to 89.9% in September, the lowest level since August 2013 when it was 88.1%, said the BNY Mellon Institutional Scorecard.