The CARES Act has given many health care pension funds short-term relief, but that could result in lower funded ratios, says S&P.
The automaker has been sued by the Detroit Police and Fire retirement system over big payouts, and the retailer by the Detroit plan and a Norfolk County (Mass.) plan on how it distributes the drug.
Tumbling equity markets helped weigh down retirement system’s returns.
Under new set-up, a plan is over-funded, which serves as a cushion in a downturn. Any benefit cuts are only as a last resort.
UK’s largest pension plan will shun investments, like tobacco and coal, it deems ‘financially unsuitable.’
Cincinnati roofer, Niagara Falls electrical worker plans are 16th and 17th funds affected.