Newsmakers
Restoring Pensions from 401(k) Plans Could Cost San Diego Millions
The city might have to retroactively create DB plans for some 4,000 city workers.
Tag: Defined Benefit
Research
US Pension Spending Supports $1.3 Trillion in Economic Output
A new report assesses the national economic impact of benefits paid by defined benefit plans to retirees.
Asset Allocation
Funded Ratio for Canadian Pension Plans Improves in 2020
After plummeting during the first quarter, the funding level of Canadian defined benefit plans rebounded to end the year at 91.2%.
Corporate Moves
Exclusive: Deloitte CIO Mary Ellen Stocks Retires after 16 Years in the Post
Alex Lee, who has been her No. 2, takes over the top finance slot.
Research
Huge Investment Gain Boosts Corporate Pension Funding by $12 Billion
Over 5% return in November helps raise funded ratio of 100 largest corporate pensions to 86.2%.
Asset Allocation
Penn SERS Redefines Fixed-Income Allocations in Liability-Driven Push
Board also approves $125 million in new private equity, real estate investments.
Regulation
UK High Court Equalization Ruling to Burden Pension Trustees
Legal experts expect court decision will add ‘significant difficulties’ for defined benefit trustees and could take years to complete.
Risk
TPR Warns Trustees to Prepare for Plan Sponsor Distress
Regulator says trustees must act quickly to protect savers if they spot warning signs of an employer’s financial difficulties.
Coronavirus - COVID-19
COVID-19 Has Shaken Up Vast Majority of Plan Sponsors
But the pandemic has not slowed down pension buyout activity.
Pensions
Funded Status of US Corporate Pensions Rises $21 Billion in October
Aggregate deficit of 100 largest defined benefit plans falls to lowest level since March.
Pensions
Canadian Diversified Pool Funds Return 4.4% in Q3
Robust quarterly returns were not enough to overcome falling interest rates as solvency ratio drops from beginning of year.
Pensions
Conservative Think Tank Calls for NYC Pension Reform
Manhattan Institute recommends moving to defined contribution plans and consolidating funds.
Research
UK DB Plans’ Funded Ratio Falls to 91.4% in September
Meanwhile, the aggregate deficit of UK defined benefit plans rose to £166.1 billion during the month.
Research
Corporate Pension Asset Values Drop for First Time in Six Months
Discount rates rise for second straight month after hitting all-time low in July.
Pensions
US Corporate Pensions See Largest Monthly Funding Gain Since 2003
Funding boost helped by combination of robust investment gains and rising discount rates.