Allianz Global Investors is facing six lawsuits after liquidating the hedge funds in question in March.
“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."
Under an agreement with regulators, the company will pay $150 million into its two largest pension funds after it splits into two separate entities.
Institutional investment services providers are ditching their jargon and talking about the influence of investment risk on financial measures like free cash flow and earnings per share.
Stung by funding shortfalls time and again, companies are using a variety of tactics to lighten their pension burdens for good.
A treasurer lays out the options for a CFO who wants to take advantage of the extremely low interest rates for investment-grade borrowers.
Underfunded multiemployer plans could create multiple problems.
Low funding levels could force plan sponsors to raise their contributions and take on greater withdrawal liabilities.
Some are hailing the passage of a provision that would allow employers to contribute less to defined-benefit plans. But some of the savings may be offset by increased taxes.
