Deal cleared way for court to OK ESL Investment’s $5.2 billion takeover of the retailer.
Pensions lifeboat will provide benefits for 90,000 workers and retirees.
Proposed legislation aims to save critical and declining multiemployer pension plans.
Draft of plan calls for $3 billion a year to subsidize payments for retirees.
Pensions lifeboat says it’s prepared to provide for 90,000 retirees and workers.
Western States Office and Professional Pension is seeking a 30% cut in benefits.
Projections now show a 90% chance the program will run out of money in seven years.
PBGC says it would only be able to pay less than one-eighth the minimum benefit.
Total amount paid remains the same as the number of retirees rises.
Reports from Northern Trust, Mercer show continued improvement.
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
Single-employer program improves as deficit nearly halved to $10.9 billion.
Nearly 80% of all respondents are now contributing more than the minimum level of funding to their DB plans, survey says.