Union pension plans
News and video about Union pension plans from Pensions & Investments.
PBGC multiemployer program deficit offsets single-employer improvement
trueMultiemployer pension funds caused a record deficit for the Pension Benefit Guaranty Corp., its annual report shows.
Multiemployer plans in construction industry improving, but still struggling
trueMultiemployer defined benefit plans in the construction industry saw some improvement in funding levels in the past 10 years, but continue to struggle with shifting demographics, said a new report by the Mechanical Contractors Association of America and Horizon Actuarial Services.
Asset owners' returns fall in 3rd quarter, 2 reports find
trueThe median return of all plans in the Wilshire Trust Universe Comparison Service and BNY Mellon Trust Universe and was -0.84% and -0.83%, respectively, for the third quarter of 2014, the first negative quarter since the second quarter last year.
Supreme Court hears arguments on Omnicare securities case
truehe Supreme Court heard arguments Monday in a lawsuit challenging whether investors have a legal case if a securities registration statement contains opinions that could be considered misleading.
InvestorForce universes drop 1.1% in third quarter
trueInvestorForce Plan Universes funds posted a median net return of -1.14% in the quarter ended Sept. 30. The median return gross of fees in the quarter was -1.03%.
PBGC helps 2 New York multiemployer plans
trueThe Pension Benefit Guaranty Corp. is offering financial assistance to two insolvent multiemployer pension plans in New York.
Trump Entertainment can't stop funding union pension plan, judge says
trueTrump Entertainment Resorts, the bankrupt Atlantic City, N.J., casino owner, was denied court approval to immediately stop contributing to a union pension fund, a blow to its restructuring effort that threatens the future of its remaining casino.
Investors seek political contribution disclosure, end to exec tax payment at FedEx
trueFedEx Corp. shareholders face separate proxy proposals from the New York City Retirement Systems and the International Brotherhood of Teamsters General Fund, calling for, respectively, disclosure of the company's political contributions and an end to paying personal taxes executives own on the ...
Alaska pension fund alleges 13 banks colluded on derivatives benchmark
trueAlaska Electrical Pension Fund, Anchorage, filed a lawsuit Thursday charging that 13 banks conspired to fix the ISDAfix benchmark rate, a “key interest rate for a broad range of interest rate derivatives and other financial instruments,” according to the filing.
Dutch mineworkers transfer pension plan assets to Aegon
trueStichting Algemeen Mijnwerkersfonds van de Steenkolenmijnen in Limburg, Heerlen, Netherlands, has transferred the pensions of 28,000 participants to insurer Aegon.
3 report asset owner universe returns for the second quarter and year
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was 3.74% in the second quarter ended June 30
Keeping the PBGC from being the next bailout recipient
trueA series of recently issued reports have addressed various governance and financial challenges facing the Pension Benefit Guaranty Corp. The takeaway from all of them is that unless changes are made in the way the federal pension insurance system is governed and financed, there is a heightened risk ...
105 years old, still drawing a pension
trueShe is more than 105 years old and still collecting pension benefits from the Teamsters Central States, Southeast & Southwest Conferences Pension Fund.
NOW: Pensions announces changes to investment fund
trueExecutives at multiemployer trust NOW: Pensions, London, have made changes to the plan following announcements in the U.K. budget.
Kroger restructures multiemployer pension fund participation
trueKroger Co. is restructuring its participation in some multiemployer pension funds.