Tag: Defined Benefit
Survey Highlights Need for Auto-Enrollment in Public Sector Supplemental Retirement Plans
As defined benefit plans shrink, supplemental plans are growing – but full participation may be hard to achieve without automatic enrollment.
Canadian DB Pensions End 2018 in the Red
Tumbling equity markets in Q4 negated a strong first half.
Corporate DB Funded Status Rises to 93.4% in July
Aggregate deficit falls $12 billion to $108 billion.
Aon: Complacency Biggest Risk for Canadian Pensions
Although most plans are now fully funded, solvency gains can vanish quickly, firm says.
McKesson to Close Long-Frozen US DB Plan
Company is planning $55 million contribution to its worldwide pension plans in fiscal 2019.
Judge Cuts Mississippi Hospital Pension by 25%
Special fiduciary warned the fund would be depleted by 2025 without action.
FTSE 100 DB Plan Deficits Fall 32% in 2017
However, figure ‘masks the materially worse funding position likely to be reported.’
BT Reaches Deal with CWU to Close DB Scheme
Union to vote on proposals in the coming weeks.
CAAT Pension Plan Hits 118% Funded
CEO says plan is ‘in discussions with several organizations and employee groups’ about joining the fund.
Lockheed Martin to Contribute $5 Billion to Pension in 2018
Move means the company will have no required contributions until 2021.
UK FCA: Less than Half of DB Pension Transfers Studied Receive Suitable Advice
Report finds only 47% of consumers receive appropriate advice on defined benefit transfers.
International Paper to Make $1.25 Billion Pension Contribution
The move is part of a long-term de-risking program at the company.