Most Corporate Pensions Saw Funding Dip in September
The majority of pension trackers reported that strong equity markets could not offset a rise in liabilities.
Tag: defined benefit (DB) plans
More Plan Sponsors Seek to Completely Offload DB Pension Liabilities
Among companies with pension de-risking plans, 93% expect to completely divest their defined benefit liabilities, according to a MetLife survey.
Benefits |
IBM Completes $6B Pension Risk Transfer With Prudential
Latest deal comes after the multinational technology company in 2023 closed its defined contribution plan in favor of a cash-balance...
Opinions |
The Life Expectancy of Actuarial Equivalence Lawsuits
Despite the volume of cases, no court has yet issued a favorable judgment on the merits for any pension plan...
Pensions Have ‘Critical’ Role in Strengthening Public Safety Workforce
Defined benefit pensions help with the three Rs of workforce management: recruitment, retention and retirement, per the National Institute on...
Benefits |
3M Announces Transfer of 23,000 Retirees to Insurer
The transaction will remove $2.5 billion in pension liabilities from the company's books.
Benefits |
Corporate Pension Plan Funding Stays Strong On Stock Gains
Equity markets kept funding levels up even as discount rates fell in May.
Benefits |
146 PRT Contracts Were Sold in Q1
The contracts, totaling $14.6 billion in premiums, represent a 26% increase from Q1 2023 and an all-time record, LIMRA reports.
Benefits |
PSNC 2024: DB Plan Maintenance
How sponsors of defined benefit pension funds can enhance their maintenance of those offerings, plus considerations for including DB plans...
Benefits |
Now It Is About Protecting Healthy Funded Levels
Higher interest rates since 2022 have put corporate pension funds at their highest funding levels in many years, prompting plan...
Benefits |
Increased Litigation Around PRTs Brings Insurance Industry Practices to Light
As defined benefit plan sponsors look to de-risk and offload pension liabilities, the selection of annuity providers has come under...
Investment Strategies are Among the PRT Alternatives
Plan sponsors can consider plan conversions, similar to what IBM has done, hibernation or different investment strategies to reduce risk...
Benefits |
Entergy to Transfer $1.2B in Pension Liabilities
Transaction with MetLife is one of several billion-dollar buyouts completed so far in 2024.
NIRS Offers Congress 6 Recommendations for Expanding Access to Private-Sector Pensions
The recommendations include: lower PBGC fees costs and allowing DC to DB transfers.
None of the Largest US Corporate Pension Funds are Less Than 75% Funded, Per Milliman
The firm’s 2024 research found at least three pension funds with more than 140% funding levels.
Benefits |
Corporate Pension Plans Hit Highest Funding Levels in Decades
Higher stocks and relatively stable interest rates boosted funding surpluses to more than $70 billion, Milliman found.
Benefits |
Unisys Completes Latest in Series of Pension Annuitizations
The transaction, completed with F&G Annuities & Life, is Unisys' sixth since January 2021, totaling nearly $2 billion.
Corporate Pension Funding Hits Best Levels in Decades
Pension trackers report record corporate pension funding in February due to strong markets and higher interest and discount rates.
Will DB Plan Sponsors With Overfunded Plans Consider Reversions?
Opportunities may arise for plan sponsors to take advantage of excess pension assets, but taxes must be considered.
Kodak Outsources Management of Overfunded US Pension Plan
NEPC will manage the outsourced assets, as Kodak considers how to 'maximize the value of the over-funding.'