Union pension plans
News and video about Union pension plans from Pensions & Investments.
PBGC deficit rises to nearly $36 billion
trueThe PBGC had a record deficit of $35.7 billion as of Sept. 30.
Boeing's largest union rejects swapping pensions for 777X production
trueBoeing Co.'s largest union balked at a company proposal to freeze pensions in exchange for rights to build the new 777X in Washington state, casting doubt over the future of manufacturing at the company's Seattle hub.
BNY Mellon U.S. Master Trust Universe returns median 4.47% in quarter
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was 4.47% in the third quarter, a vast improvement from the -0.05% median return in the second quarter.
Union and retiree pressure mounting against multiemployer pension fund reform
trueA package of reform proposals to help the most troubled multiemployer pension funds is running into more opposition from some union and retiree advocates.
Congress must act to save multiemployer pension plans
trueRetirement security for millions of skilled American workers is at stake without Congress taking action to shore up multiemployer pension plans.
GM right to add to union pensions during bailout — Obama's auto czar
trueGeneral Motors Co. managers, not U.S. Treasury officials, decided to boost pensions of hourly Delphi Automotive PLC workers to help secure an agreement critical to GM's bailout, the program's architect said.
BlackRock gets dismissal of securities-lending suit
trueA federal court judge in Tennessee on Wednesday dismissed a lawsuit filed by two union pension funds over excessive fees they claimed BlackRock charged for securities lending linked to the money manager's iShares unit.
Chicago Laborers hires William Blair for emerging markets small caps
trueChicago Laborers' Annuity & Benefit Fund hired William Blair & Co. to manage $27 million in emerging markets small-cap equities.
Moody's wins dismissal of pension fund's securities lawsuit
trueMoody's Corp. won dismissal of a lawsuit by a pension fund claiming the credit ratings firm made false statements about its independence and objectivity.
Detroit bankruptcy should be dismissed, union tells court
trueDetroit's $18 billion bankruptcy should be dismissed because it violates the Michigan and U.S. constitutions, according to a public employee union, the first of the city's biggest creditors to seek a quick end to the case.
Musicians protest to get pension contributions from club owner
trueThe American Federation of Musicians' Greater New York chapter is trying to get famed restaurateur Danny Meyer to face the music and start contributing to the union's pension plan.
Appellate ruling changes game for private equity
truePrivate equity funds face increased risk of being on the hook for their portfolio companies' pension liabilities following a federal appeals court ruling that is also raising broader questions about tax exposure for private equity partners and their investors.
Private equity group backs Sun Capital Partners over pension liability
trueSun Capital Partners gained support in its legal battle over potential pension liabilities from the Private Equity Growth Capital Council, which filed an amicus brief on Wednesday.
BNY Mellon U.S. Master Trust Universe returns slip in Q2
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was -0.05% in the second quarter, dragged down by corporate pension plans and their higher allocations to fixed income.
Wilshire TUCS: Q2 posts first decline in a year
trueMaster trusts in the Wilshire Trust Universe Comparison Service had a median -0.06% return in the second quarter, the first negative quarter since the second quarter last year.