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Milliman: 100 largest corporate plans see little funding movement in March
trueThe funded status of the 100 largest U.S. corporate defined benefit plans fell to 81% at the end of March, down 20 basis points from February, the Milliman 100 Pension Funding index showed Thursday.
Tesco charts funding plan to close growing pension plan deficit
trueTesco PLC, Cheshunt, England, has agreed to a funding plan with trustees of the company's defined benefit plan in an effort to plug a £3.9 billion ($5.8 billion) deficit.
Charting corporate funding status through the years
trueSee a series of graphs and charts showing the funded status of the top 100 corporate pension funds.
Funded status hurt by longer lifespans, discount rate drop
trueThe average funding ratio of the 100 largest U.S. corporate defined benefit plans dropped 7.7 percentage points in 2014 to 85.8%, despite strong investment returns that averaged 9.2%, Pensions & Investments' annual analysis of corporate SEC filings shows.
It's time for leadership
trueThe time has come for Chicago Mayor Rahm Emanuel to exhibit leadership.
Wilshire: S&P 500 funded status plummets in 2014 despite strong returns
trueThe aggregate funded status for pension plans sponsored by S&P 500 companies fell 720 basis points to 82.5% in 2014 as liability growth outpaced assets, said an annual report from Wilshire Consulting.
Towers Watson: Funding of 100 largest corporate pension plans drops to 81% in 2014
trueThe funded status of the 100 largest U.S. corporate pension plans fell eight percentage points in 2014 to an aggregate 81%, said a report from Towers Watson.
U.K. pension funding deficit rises 17.7% in March
trueThe aggregate deficit of occupational pension funds covered by the U.K. Pension Protection Fund’s 7800 index increased 17.7% to £292.6 billion ($436.9 billion) in March.
Corporate funding ratios dip in first quarter — 2 reports
trueThe aggregate funded status of S&P 500 companies with defined benefit plans fell 120 basis points to 82% in the first quarter as liability growth outpaced assets, Aon Hewitt said.
NISA: Funded status volatility rises in March
trueNISA Investment Advisors’ Pension Surplus Risk index ticked up 60 basis points in March to 10.5%.
Mercer: FTSE 350 pension funding deficit rises 9.5% in March
trueThe total funding deficit of U.K. FTSE 350 companies’ pension funds increased 9.5% to £127 billion ($189.6 billion) in March, Mercer said.
Funded status falls in first quarter for U.S. corporate DB plans — 2 reports
trueThe funded status of U.S. corporate defined benefit plans fell slightly in the first quarter of 2015, said reports from BNY Mellon and Legal & General Investment Management America.
New settlement proposed in Rhode Island pension overhaul lawsuit
trueA new proposed settlement to end litigation against Rhode Island’s state pension overhaul was revealed in court on Thursday.
Kansas General Assembly passes bill for $1 billion pension bond issuance
trueThe Kansas General Assembly passed a bill to issue $1 billion in pension obligation bonds for the $16 billion Kansas Public Employees Retirement System.
Milliman: Lower discount rates, contributions sink corporate pension funding in 2014
trueThe funded status of the 100 largest U.S. corporate defined benefit plans fell to 81.7% at the end of 2014, down 6.1 percentage points from the end of 2013 as liabilities rose faster than assets, a Milliman report shows.