Pension funding

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  1. Milliman: Corporate pension plan funding drops slightly in March

    trueThe 100 largest U.S. corporate defined benefit plans saw their funding ratios drop slightly in March due to adjustments due to flat investment returns and a slight drop in discount rates, according to the latest Milliman 100 Pension Funding Index.

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  1. Los Angeles needs Warren Buffett model for pension plans, panel says

    trueLos Angeles should emulate Berkshire Hathaway Chairman Warren Buffett to curb a sixfold increase in city pension costs since 2003, a panel led by former U.S. Commerce Secretary Mickey Cantor recommended.

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  2. Chicago pension reform measure passes Illinois Legislature

    trueThe Illinois Senate passed a pension reform bill aimed at improving the funding of two Chicago retirement funds for laborers and municipal workers.

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  3. U.K. pension funding deficit increases in March

    trueThe aggregate deficit of U.K. defined benefit occupational pension funds in the Pension Protection Fund’s 7800 index increased 14% in March to £70 billion ($117 billion).

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  4. Police union rejects Rhode Island pension overhaul settlement

    trueA proposed settlement over Rhode Island's 2011 pension overhaul was rejected Monday by one of the groups voting on it, said Joy Fox, a spokeswoman for state Treasurer Gina Raimondo.

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  5. Maryland budget reduces pension catch-up contributions

    trueMaryland lawmakers approved a fiscal 2015 budget that trims pension contributions aimed at improving the funded status of the $44 billion Maryland State Retirement & Pension System.

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  6. Mercer: S&P 1500 pension funding dips in March based on estimate adjustments

    trueThe funding ratio of S&P 1500 companies with defined benefit pension plans fell two percentage points to 85% in March, according to a monthly report from Mercer.

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  7. Corporate pension plan funding ratio dips in first quarter — 2 reports

    trueThe funding ratio of typical U.S. corporate defined benefit pension plans fell in both March and the first quarter overall, according to reports from BNY Mellon Investment Management and Legal & General Investment Management America.

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  8. LGIMA: U.S. corporate funding ratio down in 1st quarter

    trueThe funding ratio of the typical U.S. corporate defined benefit plan dropped in the first quarter, according to Legal & General Investment Management America’s quarterly Pension Fiscal Fitness Monitor.

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  9. Corporate pension plans see big funding jump in 2013 despite lower contributions

    trueStrong investment returns and lower liabilities resulting from higher discount rates produced a significant improvement in the funding ratios of U.S. corporate defined benefit plans in 2013, according to a study from Milliman.

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  10. Pew survey: State funding gap grew in 2012

    trueState pension plans continued to experience a significant gap between funding and liabilities in fiscal 2012, according to the Pew Charitable Trusts.

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  11. Chicago pension compromise would boost contributions

    trueParticipant contributions to two Chicago defined benefit plans would increase under a compromise announced Monday between Chicago Mayor Rahm Emanuel's administration and some of the city's labor unions.

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  12. Funding ratio of U.S. plans dips in 1st quarter

    trueThe funding ratio of the typical U.S. corporate defined benefit pension plan dropped four percentage points to 91% in the first quarter, according to a report from UBS Global Asset Management.

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  13. House approves pension funding change for rural cooperatives and charities

    trueThe House of Representatives on Monday approved by a voice vote legislation that gives charities and rural cooperatives some pension funding flexibility.

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