Union pension plans
News and video about Union pension plans from Pensions & Investments.
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.
Pension funds oppose Chipotle executive pay
trueThree pension funds, Institutional Shareholder Services and Glass Lewis & Co. have lined up against Chipotle Mexican Grill Inc.'s executive pay package for Steve Ells, chairman of the company's board and co-CEO; Montgomery F. Moran, co-CEO; and two other top executives.
Rep. Roe wins public service award for multiemployer pension reform efforts
trueRep. Phil Roe, R-Tenn., received the International Foundation of Employee Benefit Plans' Public Service Award on Tuesday.
Wilshire TUCS: 1st quarter produces investment gains for all plan types
trueTrusts in the Wilshire Trust Universe Comparison Service returned a median 1.66% during the first quarter of 2014 and median return of 11.09% for the year ended March 31.
Shareholders approve prohibiting accelerated vesting at 2 companies
trueValero Energy Corp. and Gannett Co. shareholders approved in separate voting groundbreaking shareholder proposals prohibiting the acceleration of vesting of executive incentive equity awards in the event of a change in control of the companies, according to proxy-voting results provided by the ...
InvestorForce universes return 1.54% in the quarter
trueInvestorForce Plan Universes funds had a median return of 1.5% in the quarter and 10.7% for the year ended March 31.
UAW Retiree Medical Benefits Trust's public equities managing director resigns
trueWoody Tyler, managing director, public equities, at the $52 billion UAW Retiree Medical Benefits Trust, Ann Arbor, Mich., has resigned, said spokesman Matt Wood.
Pension funds lose securities lending suit against Wells Fargo
trueWells Fargo & Co. did not breach its fiduciary duty when several pension funds lost money through the bank's securities lending program, a federal court judge in St. Paul, Minn., has ruled.
Pensions Trust CEO quits
trueStephen Nichols resigned as CEO of The Pensions Trust.