Pension funding

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  1. Wilshire: State pension plans' funding ratios rise 6 percentage points in fiscal year 2014

    trueThe funding ratio of 131 state defined benefit plans rose 6 percentage points to 80% in fiscal year 2014, said a report from Wilshire Consulting.

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  1. Corporate pension funded status bounces back in February — 2 reports

    trueThe funded status of U.S. corporate defined benefit plans improved in February as assets rose and liabilities fell, said reports from BNY Mellon and Wilshire Consulting.

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  2. U.K. corporate pension funding levels rebound in February on falling liabilities

    trueThe aggregate deficit of U.K. corporate pension funds improved 11.8% to £255 billion ($392.4 billion) for the month ended Feb. 28, but increased 62% over the past 12 months.

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  3. Moody's downgrades Chicago's credit rating on pension liability concerns

    trueMoody's Investors Service downgraded Chicago's credit rating to Baa2 on Friday, citing concerns over the city's “highly elevated” unfunded pension liabilities.

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  4. Corporate pension funds weigh derisking vs. re-risking

    trueCorporate plan sponsors on both sides of the Atlantic are pushing back against the ramifications of lower interest rates, tipping a balance to re-risking from a derisking glidepath, say money managers, consultants and strategists.

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  5. Chevron slates $600 million in contributions to worldwide pension funds

    trueChevron Corp., San Ramon, Calif., expects to contribute about $350 million to its U.S. defined benefit plan and $250 million to its international pension funds in 2015, the company said in its 10-K filing.

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  6. Mondelez International plans $529 million in worldwide pension contributions

    trueMondelez International Inc., Deerfield, Ill., plans to contribute $529 million total to its defined benefit plans in 2015, said the company’s 10-K filed Friday.

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  7. Consolidated Edison powers up $756 million pension contribution

    trueConsolidated Edison Inc., New York, plans to contribute $756 million to its defined benefit plan in 2015, according to the company's 10-K filing.

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  8. Pinnacle West charts $300 million in pension contributions over next 3 years

    truePinnacle West Capital Corp., Phoenix, plans to make voluntary contributions to its pension fund totaling up to $300 million over the next three years, said Paul Mountain, director, investor relations.

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  9. Eli Lilly looks to contribute $310 million to its global pension funds this year

    trueEli Lilly & Co. Inc., Indianapolis, plans to contribute about $310 million to its global defined benefit plans in 2015, of which about $40 million is required to meet minimum funding requirements for the year, the company said in a 10-K filing Thursday.

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  10. Kraft Food Groups to dish out $195 million in pension contributions for 2015

    trueKraft Food Groups Inc., Northfield, Ill., expects to contribute about $195 million total to its defined benefit plans in 2015, the company's recently filed 10-K shows.

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  11. Allstate, NiSource plan pension contribution for 2015

    trueAllstate Corp., Northbrook, Ill., is expected to contribute $127 million total to its U.S. and Canadian pension funds in 2015.

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  12. Society of Actuaries: Expect long-term increase to minimum required contributions

    trueMinimum required contributions for private-sector defined benefit plans have dipped in recent years, but are poised to rise again in the long term, the Society of Actuaries said.

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  13. Kimberly-Clark continues move to fixed income, sets pension contributions of $100 million

    trueKimberly-Clark Corp., Dallas, will increase its fixed-income allocation by five percentage points to 75% in 2015.

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