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Last updated on April 17, 2014 at 1:21 EDT

Latest Defined benefit pension plan Stories

2014-04-02 12:25:49

TORONTO, April 2, 2014 /CNW/ - Federal public servants have pension guarantees in their defined-benefit pension plans that are mispriced, causing Ottawa to seriously underestimate the cost of the pension plans and the total compensation of its employees, according to a report released today by the C.D. Howe Institute. In "Evaluating Public-Sector Pensions: Are Federal Public Servants Overpaid?" respected pension expert Malcolm Hamilton says this advantageous situation for members...

2014-03-06 16:20:23

Move continues delivering market-leading retirement benefits while strengthening competitiveness CHICAGO, March 6, 2014 /PRNewswire/ -- Boeing [NYSE: BA] today provided advance notice to nonunion employees participating in the company's defined benefit pension plans that they will transition in 2016 to a company-funded defined contribution retirement savings plan. Beginning Jan. 1, 2016, Boeing will make cash contributions each pay period to employees' retirement savings through a new defined...

2014-02-06 12:26:10

White Paper Examines Pension De-risking Activities OAK BROOK, Ill., Feb. 6, 2014 /PRNewswire-iReach/ -- Millennium Trust Company announced the release of Managing Risk and Opportunity: Trends and Challenges in Defined Benefit Plans. It offers their insight into the trends and challenges facing Defined Benefit (DB) plan sponsors as they pursue a variety of de-risking strategies. "Companies across the country have been taking a close look at their defined benefit plans and the way...

2014-01-29 08:31:13

More Companies Establishing Broad De-Risking Strategies Focused on Reducing Volatility and Risk Exposure LINCOLNSHIRE, Ill., Jan. 29, 2014 /PRNewswire/ -- A new survey by Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), finds companies, in an effort to decrease pension risk exposure and insulate their plans from fluctuating economic conditions, are increasingly rethinking their investment strategies by realigning their plan assets to...

2014-01-22 08:20:33

MONTREAL, Jan. 22, 2014 /CNW Telbec/ - Air Canada provided today an update regarding its Canadian pension plans solvency status. Based on preliminary estimates and the factors outlined below, Air Canada projects its Canadian registered pension plans at January 1, 2014 to be in a small surplus position. The Canadian registered pension plans solvency deficit at January 1, 2013 was $3.7 billion. Final valuations as of January 1, 2014 will be completed in the first half of 2014....

2013-12-19 12:22:11

OSFI approval of reducing amendments to Canadian pension plans also confirmed MONTREAL, Dec. 19, 2013 /CNW Telbec/ - Air Canada said today that the Government of Canada has advised the airline that, further to the agreement announced on March 12, 2013, new regulations applicable to Air Canada's pension funding obligations have been formally approved. The new regulations, scheduled for publication on January 1, 2014, were approved under the Pension Benefits Standards Act in...

2013-12-11 12:23:26

TORONTO, Dec. 11, 2013 /CNW/ - Low investment returns loom in the decades ahead, spelling bad news for retirement savers and pension plan managers, according to a report released today by the C.D. Howe Institute. In "Long-Term Returns: a Reality Check for Pension Funds and Retirement Savers," authors Richard Guay and Laurence Allaire challenge widely used "optimistic" assumptions for investment returns based on historic experience, with more realistic ones using current Canadian...

2013-11-21 23:25:32

Array Health illustrates how single-insurer private exchanges provide a premier online shopping and enrollment experience for employers and employees. Seattle, Wash. (PRWEB) November 21, 2013 Array Health, a leading provider of private insurance exchange technology, today released an infographic illustrating the functionality of private health insurance exchanges and the differences between a defined benefit and defined contribution funding model. The infographic, titled “How Private...

2013-11-13 12:23:37

The 100 largest public pensions are a cumulative 70.6% funded; 29 of the 100 plans lowered interest rate assumptions since 2012 study SEATTLE, Nov. 13, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released its second annual Public Pension Funding Study, which consists of the nation's 100 largest public defined benefit pension plans. The study offers an aggregate analysis of these 100 public pensions and their funded status. The study...

2013-11-07 12:26:36

Corporate CFOs, investors, and participants cheer a remarkable $392 billion improvement in funded status over the last 12 months SEATTLE, Nov. 7, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In October, these plans experienced a $31 billion increase in asset value and a $28 billion increase in pension...