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.
Big Pension Funding Opportunity Is At Hand
There's plenty of time left to save bucks on 2017 taxes by accelerating pension contributions, but beware surpassing the 100%-funded level.
Kroger to Contribute up to $1B to Pension Plan
The contribution will "significantly address" the underfunding of the plan, which, as of Dec. 31, had a funding ratio of 75.8%.
Trump’s Pension Policy
If Trump shelves the new fiduciary rule, brokers might seek out deals that pay them best, rather than act in the best interests of sponsors and employees.
Finance Roundup for Executives
Be informed, get involved, and shape the world through finance. Read CFO.com's most recent headlines and standout stories.
Seeking a Glide Path
Finance executives are working to bring their companies’ pension funds to a safe landing, according to a new study.
Accounting and Finance Roundup for Executives
Whether you're new to finance or a seasoned veteran, the CFO roundup keeps you informed and involved with day-to-day updates on the latest news in finance.
J.C. Penney Cuts Pension Plan Liability by Up to 35%
The retailer has completed a lump-sum offer to retirees and will annuitize other obligations through a deal with Prudential.
Will the ‘myRA’ Help Companies Cut Retirement-Plan Costs?
It's happened before, when the 401(k) replaced pension plans as the chief retirement-funding vehicle.