Ford Motor Co.
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Shortfall rises by $16 billion at UAW Retiree Medical Benefits Trust
trueThe estimate of the unfunded future expenses of the UAW Retiree Medical Benefits Trust that pays the health-care costs of more than 700,000 United Auto Workers retirees from three Detroit-area automakers widened by $16 billion last year as it changed accounting assumptions and adjusted for new ...
IRS deepens focus on lifetime income with lump-sum ban
trueThe Internal Revenue Service's unexpected decision July 9 to ban lump-sum payments to retirees has plan sponsors keeping one eye open for further regulation but still considering those payouts for other plan participants.
Ford's U.S. pension plans' funding levels up in 2012
trueFord Motor Co.'s funding levels for its U.S. pension plans rose slightly in 2012, as declining interest rates largely offset strong investment gains.
Six guidelines for pension cashout success
trueThe news about Ford and GM making lump-sum offers last year led to a flurry of speculation that the DB cashout option would gain momentum as a risk-management strategy for many more companies.
Ford uses bond sale to finance contributions, derisking plan
trueFord Motor Co., Dearborn, Mich., sold $2 billion in 4.75% 30-year notes Jan. 3, mostly to finance accelerated contributions to its worldwide defined benefit pension plans this year and continue derisking its pension obligations.
Ford sells $2 billion in 30-year bonds to help fund defined benefit plans
trueFord Motor Co. on Thursday planned to sell $2 billion in 30-year bonds to finance accelerated contributions to its worldwide defined benefit pension plans this year and continue derisking its pension obligations
P&I's asset allocation analysis
trueReport on pension fund's historic, current and future asset allocations.
Lump-sum payouts moving into fast lane
trueGM and Ford were the first to venture down the road of lump-sum payments, but the federal highway bill has turned that road into an expressway with at least 10 other companies following suit.
Identifying the best risk mitigation strategy for a corporate DB plan
trueA “one-size-fits-all” risk mitigation strategy for corporate defined benefit plans does not exist, particularly in the current environment.
Moody's: Ford, Boeing among those ripe for picking annuitization
trueFord, Boeing, Lockheed Martin, Northrop Grumman, and Exelis are among major companies that could be candidates for pension terminations modeled after GM's planned annuitization of its $33 billion U.S. salaried employees pension plan, according to a Moody's Investors Service report.
Pension plan derisking enters its dynamic era
trueFaced with the volatility of equity markets, declining interest rates and rising pension deficits, U.S. corporations are exiting the business of providing and investing defined benefit pension plans. By now, fully one-third of S&P 500 companies have no defined benefit plan liabilities at all.
GM-Prudential annuity deal seen setting off race to gain piece of DB derisking action
trueA new day is seen dawning in pension derisking as a result of General Motors Co.'s purchase of a multibillion-dollar group annuity contract to cover future benefit obligations of retirees in its U.S. salaried defined benefit plan.
Ford CFO: We won't take same road as GM on retiree obligations
trueFord Motor Co., which has a $15.4 billion unfunded pension liability, rejected offloading its retiree obligations as General Motors Co. is doing in favor of investing in global expansion, new models and paying dividends.
Ford's lump-sum offer is a first for a U.S. pension plan
trueIn Ford Motor Co.'s latest move to derisk its pension plan, the automaker announced it would offer lump-sum payouts to a total of about 90,000 U.S. salaried retirees and former employees.
Ford to offer lump-sum payout to 90,000 retirees, former employees
trueFord Motor Co. on Friday announced it would offer a voluntary lump-sum payout to a total of about 90,000 U.S. salaried retirees and former employees as the latest move in its long-term strategy to derisk its $39.4 billion U.S. pension plans.