Retirement Plans

JCPenney Offloads $2.8 Billion in Pension Liabilities
Retirement Plans

JCPenney Offloads $2.8 Billion in Pension Liabilities

The transfer deal with annuities provider Athene Holdings will ensure that about 30,000 participants in JCPenney's pension plan continue to get benefits.
By Matthew Heller | April 2, 2021
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Into the Sunset: The Quiz
Retirement Plans

Into the Sunset: The Quiz

Do you know these basic retirement-related facts?
By CFO Staff | October 12, 2020
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Pension Funds Allege Allianz Mismanaged Assets
Retirement Plans

Pension Funds Allege Allianz Mismanaged Assets

Allianz Global Investors is facing six lawsuits after liquidating the hedge funds in question in March.
By Vincent Ryan | September 30, 2020
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Pension Risk Transfer: Plan Terminations, Buyouts, Lift-Outs, and Buy-Ins
Retirement Plans

Pension Risk Transfer: Plan Terminations, Buyouts, Lift-Outs, and Buy-Ins

Which is the best way for a company to transfer pension risk, and how does a CFO know which route to take?
By Vincent Ryan | June 17, 2020
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Insurer Fields Communicable Disease Claims
Supply Chain

Insurer Fields Communicable Disease Claims

FM Global has been providing the coverage since 2016. Now, claims will be pouring in.
By David McCann | March 18, 2020
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Pension Plan Sponsors Slashed Contributions in 2019
Retirement Plans

Pension Plan Sponsors Slashed Contributions in 2019

At present, companies generally aren't subject to required contributions and have little incentive to make discretionary ones, Russell Investments reports.
By David McCann | March 9, 2020
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U.S. Supreme Court Sides With ERISA Plaintiff
Risk & Compliance

U.S. Supreme Court Sides With ERISA Plaintiff

The ruling in a case against Intel could make it easier for retirement plan beneficiaries to sue administrators for investing plan funds imprudently.
By Matthew Heller | February 27, 2020
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McClatchy Gets Standstill Agreement on Pension Payments
Retirement Plans

McClatchy Gets Standstill Agreement on Pension Payments

The company has said it cannot make $124 million in contributions it owes in 2020.
By Lauren Muskett | January 16, 2020
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Pension Plans’ Struggles Continue Despite Big Investment Gains
Retirement Plans

Pension Plans’ Struggles Continue Despite Big Investment Gains

While 2019 was a banner year for returns, low interest rates prevented plan sponsors from meaningfully improving their funded states.
By David McCann | January 7, 2020
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For Many CFOs, Pension Plans Are Millstones Around the Neck
Risk Management

For Many CFOs, Pension Plans Are Millstones Around the Neck

The massive, high-risk debt weighing down so many defined benefit plans promises to accelerate the pace of pension-risk transfer undertakings.
By David McCann | December 13, 2019
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FedEx to Discontinue Pension Plan for New Hires
Retirement Plans

FedEx to Discontinue Pension Plan for New Hires

The switch to a 401(k) plan isn’t intended to save money but is "really more about evolution of our benefits and being competitive as an employer."
By Matthew Heller | November 19, 2019
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FedEx Marches to Its Own Beat on Pension De-risking
Retirement Plans

FedEx Marches to Its Own Beat on Pension De-risking

Rather than jump on the bandwagon of lump-sum payouts, FedEx continues to donate more to its U.S. pension plans than is required to fund future liabilities.
By David McCann | October 21, 2019
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Special Report: Government Fixes for the Retirement Problem
Retirement Plans

Special Report: Government Fixes for the Retirement Problem

Congress is poised to help companies send their older workers off to a secure retirement.
By Lauren Muskett | October 9, 2019
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GE Freezes Pensions to Reduce Deficit, Debt
Strategy

GE Freezes Pensions to Reduce Deficit, Debt

“Returning GE to a position of strength has required us to make several difficult decisions, and today’s decision to freeze the pension is no exception."
By Matthew Heller | October 7, 2019
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The Disappearing DB Pension Plan
Retirement Plans

The Disappearing DB Pension Plan

The use of defined benefit pension plans continues to decline as sponsors look to de-risk pension strategies.
By Gerry Marletta | June 28, 2019
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