Union pension plans
News and video about Union pension plans from Pensions & Investments.
BNY Mellon Master Trust Universe falls 4.67% in quarter
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was -4.67% in the quarter ended Sept. 30.
IRS schedules hearing on multiemployer vote
trueThe IRS will hold a hearing Dec. 18 on proposed rules for the voting process for multiemployer pension plan participants in distressed plans seeking benefit reductions, the agency said in a notice Monday.
Wilshire TUCS funds return median -4.53% in third quarter
trueTrusts in the Wilshire Trust Universe Comparison Service returned a median -4.53% in the third quarter, down from -0.04% the previous quarter.
Milliman: Multiemployer pension funding ratio flat in first 6 months of year
trueThe aggregate funded status of U.S. multiemployer pension plans was 79% as of June 30, relatively unchanged from the end of 2014 when it was 80%, but still below its pre-recession levels, said a report from Milliman.
Multiemployer pension obligations could drop under new law — Moody's
trueMultiemployer pension plan sponsors could cut billions from their pension obligations if they are able to take advantage of the Multiemployer Pension Reform Act of 2014, Moody’s Investors Service said Monday.
Central States Teamsters pension fund seeks permission to cut benefits
trueThe Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., is seeking permission to cut benefits for participants, including retirees, as part of a proposed rescue plan awaiting approval from the Treasury Department. The pension fund had assets of $17.8 billion as of ...
Retirees, experts testify at Multiemployer Pension Reform Act hearing
trueFederal regulators charged with implementing the Multiemployer Pension Reform Act of 2014 heard from concerned retirees and pension experts Thursday during a hearing convened by the IRS.
Standard Life Investments names U.S. business development director for Taft-Hartley plans
trueDavid Silk was named director, U.S. business development at Standard Life Investments, a spokeswoman said.
IRS releases multiemployer benefit cut voting rules
trueProcedures for allowing multiemployer plan participants to vote on benefit reductions in distressed plans were issued by the IRS on Wednesday.
Weakest multiemployer pension plans continue to deteriorate — SOA study
trueFinancially stable multiemployer pension funds became more stable between 2009 and 2013, while financially distressed plans got slightly worse, new research finds.
Rising liabilities push U.S. corporate funded status down in July — 2 reports
trueThe funded status of U.S. corporate defined benefit plans fell in July because of rising liabilities, said reports from BNY Mellon and Wilshire Consulting.
TUCS funds dip in quarter
trueTrusts in the Wilshire Trust Universe Comparison Service returned a median -0.04% in the second of 2015, down from 2.13% the previous quarter, but outperforming the classic 60/40 portfolio of stocks and bonds for the second consecutive quarter, which returned -0.64%.
InvestorForce universes down 0.16% in quarter
trueMSCI's InvestorForce Plan Universes had a median net return of -0.16% in the second quarter.
Multiemployer plan woes put companies under pressure, Moody's report says
trueMost U.S. multiemployer pension plans are still poorly funded, according to a Moody's Investors Service
Multiemployer funds, PBGC face hurdles with partition
trueTrustees of struggling multiemployer pension funds have a narrow window of opportunity to do more than just cut benefits in order to survive, if they can take advantage of the Pension Benefit Guaranty Corp. partition program before the agency itself runs out of money, benefits experts said.