Verizon Communications Inc.

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  1. Verizon executive named Hirtle Callaghan's director of strategy

    trueNicholas G. Botticelli was named director of strategy and head of pension portfolio management at Hirtle Callaghan.

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  1. 17 companies set pension contributions totaling $10 billion for 2014

    trueSeventeen companies have announced projected contributions to their defined benefit plans totaling more than $10 billion since Feb. 14, according to 10-K filings with the Securities and Exchange Commission.

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  2. Verizon to dial up $1.4 billion for DB plans in 2014

    trueVerizon Communications Inc., New York, will contribute approximately $1.2 billion to its qualified defined benefit plans and about $200 million to its nonqualified plans in 2014.

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  3. Why I left Verizon

    trueJust over 10 years ago, when I took over the Verizon Savings Plans, I found what has become the biggest passion of my lifetime: helping hard-working folks put enough money aside in their 401(k) plans and assisting them to make good decisions about how to invest that money so they can achieve a ...

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  4. Judge dismisses suit over Verizon buyout

    trueA federal judge on Monday dismissed a suit by Verizon Communications Inc. management retirees contesting the company's decision to purchase a group annuity contract from Prudential Insurance Co. of America.

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  5. Verizon management retirees' suit may proceed, judge rules

    trueVerizon Communications Inc., New York, management retirees may go forward with their federal lawsuit resulting from the pension buyout deal Verizon purchased from Prudential Insurance Co. of America, according to a U.S. District Court ruling Thursday.

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  6. Verizon contributes $1.7 billion to pension fund in Q4

    trueVerizon Communications Inc. contributed $1.7 billion to the company's defined benefit pension plan during the fourth quarter of 2012, bringing the full-year contribution total to $3.5 billion, Francis J. Shammo, executive vice president and chief financial officer, said Tuesday.

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  7. Verizon management retirees sue to stop pension buyout

    trueVerizon Communications Inc. management retirees filed a federal lawsuit Tuesday seeking to halt the pension buyout deal Verizon purchased from Prudential Insurance Co. of America.

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  8. Verizon annuity deal adds to pressure on long bonds - Pensions & Investments

    trueVerizon Communications Inc. purchased an annuity contract with Prudential Insurance Co. of America for about 25% of its pension liabilities just when demand in the high-quality corporate bond market is starting to supplant supply in a low interest-rate environment.

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  9. Verizon to close DB plan to new union employees along with buyout

    trueVerizon Communications Inc., New York, will close its defined benefit plans for union employees to new hires and place them exclusively in the company's 401(k) plan, as part of tentative contracts with the Communication Workers of America and International Brotherhood of Electrical Workers unions.

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  10. Funding issues to hit telecom bottom lines

    trueThe unfunded pension obligations of telecommunications giants AT&T Inc. and Verizon Communications Inc. could almost double by the end of 2011, potentially dropping the defined benefit plans below the mandated funded ratio of 80% and requiring large cash contributions in 2012.

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  11. CORPORATE GOVERNANCE BRIEFS: Verizon, Merrill Lynch succession disclosure sought

     

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  12. Verizon on alternatives edge

    trueVerizon's addition of absolute return and private real estate options in its 401(k) plans puts it in a league of its own among its corporate brethen

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  13. Verizon move seen as new blow to DB funds

     

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