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New actuary tables may be 'nail in the coffin' for DB plans
trueThe measured value of liabilities for most defined benefit plans will increase between 3% and 8% with the adoption of new mortality tables, said a report from Wilshire Consulting.
S&P 500 company pension deficit drops 50% in 2013
trueS&P 500 pension plan underfunding was cut in half to $224 billion in fiscal year 2013, down from $452 billion in 2012, said research by S&P Dow Jones Indices.
House passes pension funding changes in Highway Trust Fund legislation
trueMore generous pension funding calculations for defined benefit plans were approved Tuesday by the House, 367-55, as part of legislation extending the Highway Trust Fund.
FTSE 100 pension funds' combined funding status improves, report shows
trueFTSE 100 pension funds’ total deficit decreased 21% in the year ended March 31, to £60 billion ($103 billion), despite contributions decreasing 27% in the same period to £7.7 billion.
Aon Hewitt: S&P 500 pension funding ratios climb in June
trueThe aggregate funding ratio of S&P 500 companies with defined benefit pension plans improved to 89.5% at the end of June from 88.3% the previous month, Aon Hewitt said.
Milliman: Funding level of U.S. corporate pension plans up in June
trueThe funded status of the 100 largest U.S. corporate pension plans increased in June because of slightly rising interest rates
Pension smoothing part of Highway Trust Fund deal
trueThe House Ways and Means Committee late Tuesday proposed pension smoothing as part of a funding package for the Highway Trust Fund, which is projected to run out of money within weeks.
Public policy group calls for risk-free public pension discount rate
trueState governments could provide a clearer picture of public pension debt as it relates to state budgets by using a low-risk discount rate, a new report states.
Alaska pension funds map out allocations for $3 billion state contribution
trueAlaska Retirement Management Board has made preliminary plans for how it will allocate the $3 billion infusion to the Public Employees' Retirement System and Teachers' Retirement System from the state Constitutional Budget Reserve Fund.
Pension surplus risk index falls to historical low in June
trueNISA Investment Advisors' Pension Surplus Risk index fell to 8.6% in June, a 90-basis-point drop from May.
U.K. pension funding deficit dips in June
trueThe aggregate deficit of U.K. defined benefit occupational pension funds in the Pension Protection Fund's 7800 index decreased 8% in June to £109 billion ($186.6 billion).
Mercer: S&P 1500 pension funding ticks up in June
trueThe funded status of S&P 1500 companies with defined benefit pension plans rose one percentage point to 85% in June, said a monthly report from Mercer.
Corporate pension plan funded status flat for quarter, up in June — 3 reports
trueThe funded status of a typical U.S. corporate defined benefit pension plan remained relatively unchanged at slightly less than 90% in the second quarter, said Legal & General Investment Management America’s quarterly Pension Fiscal Fitness Monitor. BNY Mellon Investment Management and Wilshire ...
Mercer: Canada pension plan funding improves slightly in 2nd quarter
trueCanadian defined benefit pension plans’ funding improved marginally in the second quarter but was down slightly from the start of the year, based on a Mercer (Canada) report released Wednesday.
U.K. corporate pension fund deficit rises 67% in past 12 months
trueThe total deficit of U.K. corporate defined benefit pension funds increased 67% for the year ended June 30, despite a rise in total assets.