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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.
'$20 billion club' sees liabilities jump in 2014 on new mortality tables, falling rates
trueThe collective funded status of 19 U.S. publicly listed corporations with more than $20 billion in pension liabilities, fell in 2014 as liabilities rose faster than assets. said an annual report from Russell Investments.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.