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.
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.
Why Terminating a Pension Plan May Be Unaffordable
Not only is it expensive to buy annuities to fund existing retiree benefits, but financial statement issues also may stymie plan terminations.
4th Quarter Dealt a Heavy Blow To Pension Plans
Large companies saw three quarters of strong gains for their chronically underfunded plans almost wiped out by the late-year stock market nosedive.
PBGC to Oversee Sears Pension Plans
The pension insurance fund is stepping in because “it is clear that Sears’ continuation of the plans is no longer possible.”
FedEx Makes Largest Pension Annuity Purchase in Years
The $6 billion deal could be a harbinger of more such asset de-risking moves by other defined-benefit plan sponsors.
Pension-Plan Sponsors Forgo Savings
Some simple, widely employed best practices for pension funding seem to have escaped the notice of almost 200 plan sponsors.
MetLife Shares Plunge on Restatement News
The insurer says it underestimated its group annuity reserves because of "a material weakness in internal control over financial reporting.”
To DB or Not DB?
Sponsors seek to tackle the rising costs and onerous administrative burdens of defined-benefit pension plans.
PBGC OKs Sears Asset Sales for Pension Relief
The lifting of a "ring-fencing" restriction will allow the embattled retailer to raise $407 million to contribute to its underfunded pension plans.
More Pain Ahead for States’ Pension Plans
Moody's predicts unfunded liabilities will increase by 40% to $1.75 trillion over the next two fiscal years amid weak investment performance.