New shares account for more than half of the company’s current market value.
De-risking move will help secure $190 million of benefits for 6,000 participants.
Funds go toward private equity, real estate, and distressed debt investments.
Move is expected to eliminate mandatory pension funding through 2021.
The senator also says passing SB 226 could help the state’s police fund.
New report predicts UK market’s APE to reach £17.5 billion by 2021.
If Senate Bill 401 passes, hybrid plans would get a 7% contribution state and schools.
The district says the loan “creates sufficient cash” in order to fulfill pension obligations.
Teachers union says “back-room deal” would increase financial risk for new hires without improving funding.
Move means plan contributions, PBGC premiums may rise.
Comptroller says alleged abuses and human rights violations made the investment both immoral and risky.
Vacuum cleaner maker will contribute £60 million to fund.
On average, 1% drop in investment return assumption will bring about 11% increase in total pension liabilities.
Company uses hydroelectricity plant assets to guarantee letter of credit.
World Economic Forum warns of “imperiling the incomes of future generations.”