Northwest Airline Employees Denied Continuance of Fiduciary Breach Claim
December 31, 2008 (PLANSPONSOR.com) - The U.S. District Court for the Southern District of New York put a stop to...
Tag: Defined Benefit (DB)
UK Pension Schemes End Year with a Surplus
December 30, 2008 (PLANSPONSOR.com) - Despite losing more than £70 billion in assets over the year, Britain's biggest company pension...
Tribune Asks for Permission to Make Pension Contributions
December 26, 2008 (PLANSPONSOR.com) - Tribune Company has asked a federal judge for permission to pay pre-bankruptcy and future contributions...
S&P Sees Coal in 2008 Pension Funding Stocking
December 23, 2008 (PLANSPONSOR.com) - S&P 500 pension funds are expected to report broad losses in their $1.5 trillion portfolio...
U.S. Retirement Assets Steady in Q2
December 23, 2008 (PLANSPONSOR.com) -American savers held $16.9 trillion in retirement assets at the end of the second quarter of...
Greenwich Would Need $100M to Make up for Pension Losses
December 22, 2008 (PLANSPONSOR.com) - Greenwich, Connecticut, town officials say it could take an infusion of close to $100 million...
PBGC Takes on Another Hospital Pension Plan
December 19, 2008 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it has assumed responsibility for the pension plan...
SEI Provides Guidance on FAS 87 Disclosure Assumptions
December 18, 2008 (PLANSPONSOR.com) - Despite current market conditions and returns for 2008, plan sponsors should not drastically adjust Return...
Benefits |
GenCorp Suspends Company Stock 401(k) Match Contribution
December 18, 2008 (PLANSPONSOR.com) - GenCorp Inc. announced it is freezing its defined benefit pension plan and suspending 401(k) plan...
Benefits |
Motorola Freezes DB Plan; Suspends 401(k) Match
December 17, 2008 (PLANSPONSOR.com) - Motorola on Wednesday announced it was freezing its defined benefit pension plan on March 1,...
KY Teachers' Pension System Adopts Investment Reforms
December 17, 2008 (PLANSPONSOR.com) -The Kentucky Teachers' Retirement System (KTRS) has adopted investment reforms that include adding additional experts to...
Benefits |
NY's Patterson Calls for Public Pension Rollbacks
December 17, 2008 (PLANSPONSOR.com) - New York Governor David A. Paterson has proposed a steep public employee pension rollback as...
DB Survival of Hard Times Means Better Risk-Return Judgments
December 16, 2008 (PLANSPONSOR.com) - A new Hewitt Associates global survey found that companies need to do a lot more...
CT Town Pension Claims $42M Madoff Fund Loss
December 15, 2008 (PLANSPONSOR.com) - Among the apparent victims of a $50-billion Ponzi scheme which authorities charge was orchestrated by...
Largest Pensions Face $95B Asset Loss in November
December 12, 2008 (PLANSPONSOR.com) - In November, pensions in the Milliman 100 Pension Funding Index surrendered a total of $95...
Corporate Pensions Slammed by Downturn in November
December 9, 2008 (PLANSPONSOR.com) - The funding ratio at the typical U.S. corporate pension plan fell 13.4% in November, the...
California Health Care Firm Ponies Up Pension Funding
December 3, 2008 (PLANSPONSOR.com) - The board of directors of a Northern California health-care system have decided to fully fund...
Michigan Contractor Sentenced in Pension Embezzlement
December 3, 2008 (PLANSPONSOR.com) - A federal judge in Michigan has sentenced a contractor to a day in prison and...
Future Generations Face Large Bill for Public Pension Funding
December 2, 2008 (PLANSPONSOR.com) - If public pensions do not adjust their investment and funding strategies, future plan participants and...
U.K. Plans Saw Light in November
December 2, 2008 (PLANSPONSOR.com) - The funding deficit for the U.K.'s 200 largest privately sponsored pension plans improved by £38...