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Markets take a toll on 401(k) balances in 2015 fourth quarter

By: Shelby Livingston

Published February 04, 2016 - 1:20pm CST

Market volatility weighed on retirement plan funds as the average 401(k) balance of accounts administered by Fidelity Investments dropped 3.7% in the fourth quarter of 2015 compared with the same period the year before.

General Motors pension plan funding improves in 2015

By: Jerry Geisel

Published February 04, 2016 - 11:18am CST

Aided by higher interest rates that lowered the value of benefit liabilities, the funded levels of General Motors Co.’s U.S. pension plans rose in 2015.

January market plunge stresses corporate pension plans

By: Jerry Geisel

Published February 03, 2016 - 10:08am CST

The funded status of pension plans sponsored by large employers took a beating last month.

Treasury extends Central States application comment period again

By: Hazel Bradford, Pensions & Investments

Published February 02, 2016 - 4:08pm CST

The Treasury Department reopened for a second time the comment period for the benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Illinois.

IRS proposes revised defined benefit plan rules

By: Hazel Bradford, Pensions & Investments

Published January 29, 2016 - 9:14am CST

Sponsors of defined benefit plans closed to new employees were cautiously encouraged by proposed rules Thursday from the IRS that would make it easier to comply with non-discrimination testing.

Ford pension plan funding improves globally, but U.S. plans lag

By: Jerry Geisel

Published January 28, 2016 - 11:23am CST

Ford Motor Co. on Thursday said the funded status of its pension plans significantly improved in 2015 due to strong investment returns racked up by the automaker’s pension plans outside the United States.

Cadillac tax delay may slow private exchange enrollment surge

By: Shelby Livingston

Published January 27, 2016 - 1:35pm CST

But, with or without health care reform's unpopular excise tax, enrollment in private health insurance exchanges is on the way up.

Investment firm Fidelity offers health exchange for smaller employers

By: Shelby Livingston

Published January 26, 2016 - 2:29pm CST

Fidelity Investments has stepped into the health benefits ring with the launch of its Fidelity Health Marketplace.

Ontario moves ahead with its own, not federal, pension program

By: Thomson Reuters

Published January 26, 2016 - 2:17pm CST

(Reuters) — Ontario, Canada's most populous province, said on Tuesday it will push ahead with the launch of a new government pension plan rather than counting on an expansion of the country's existing federal plan.

Feds cut estimate for public health exchange enrollments

By: Jerry Geisel

Published January 26, 2016 - 1:52pm CST

The Congressional Budget Office has sharply revised its projection of enrollment in the public health insurance exchanges this year.

Obama to push retirement plans in 2017 budget, officials say

By: Hazel Bradford, Pensions & Investments

Published January 26, 2016 - 9:04am CST

When President Barack Obama unveils his fiscal year 2017 budget on Feb. 9, he will outline several strategies for stimulating workplace access to retirement savings.

New Jersey lawmakers make move for pension contribution stability

By: Robert Steyer, Pensions & Investments

Published January 25, 2016 - 10:26am CST

The New Jersey Legislature has taken the first step to place before voters in November a proposed constitutional amendment that would provide consistent state payments each year to the $79 billion New Jersey Pension Fund, Trenton.

Supreme Court declines to review PricewaterhouseCoopers case

By: Thomson Reuters

Published January 25, 2016 - 9:57am CST

PricewaterhouseCoopers came up short in its bid for U.S. Supreme Court review of a decade-old lawsuit involving employees who took lump-sum retirement payments, but allege they were short-changed.

Illinois governor backs 'Democratic' state pension-cost plan

By: Thomson Reuters

Published January 21, 2016 - 2:28pm CST

(Reuters) — Illinois Gov. Bruce Rauner and Republican legislative leaders said on Thursday they will endorse what they called a Senate Democratic approach to curbing the state’s $111 billion unfunded pension liability.

Supreme Court rules on benefit overpayments

By: Hazel Bradford, Pensions & Investments

Published January 20, 2016 - 4:01pm CST

A recent ruling by the U.S. Supreme Court makes it more difficult for benefit plan executives to recover overpayments.

Pension participants weigh in on Teamsters' plan to cut benefits

By: Jerry Geisel

Published January 20, 2016 - 9:39am CST

Almost all of the nearly 2,000 comments on the Central States, Southeast and Southwest Areas Pension plan's proposal to slash benefits express opposition to the cuts.

2016 exchange enrollment signups top last season's figures

By: Jerry Geisel

Published January 14, 2016 - 11:19am CST

Nearly 8.7 million individuals signed up with health insurance plans through the federal exchange during the first 10 weeks of enrollment for 2016 coverage.

Largest pension plans logged undramatic 2015

By: Jerry Geisel

Published January 13, 2016 - 12:47pm CST

The funded status of very large pension plans sponsored by public companies slipped in December but ended up slightly higher at year-end 2015 compared with a year earlier, according to a Milliman Inc. survey released Wednesday.

Aetna CEO sees Humana deal on track to close this year

By: Thomson Reuters

Published January 13, 2016 - 9:33am CST

Aetna's proposed acquisition of rival Humana is being closely reviewed by federal regulators, but Aetna Chief Executive Mark Bertolini isn't losing any sleep over the scrutiny.

Pension plan funding levels drop slightly in 2015

By: Jerry Geisel

Published January 12, 2016 - 12:46pm CST

Large pension plan funding levels slipped in 2015 as higher interest rates, which decreased the value of pension liabilities, were not enough to offset subpar investment returns, according to an Aon Hewitt survey.

PBGC urged to pay interest on premium overpayments

By: Jerry Geisel

Published January 08, 2016 - 3:04pm CST

The Pension Benefit Guaranty Corp. should pay interest to premium overpayments made by employers, according to a report by Constance Donovan, the agency's plan participant and plan sponsor advocate.

Iron Workers local applies for multiemployer pension benefit cuts

By: Hazel Bradford, Pensions & Investments

Published January 08, 2016 - 1:33pm CST

Iron Workers Local 17 Pension Fund, Cleveland, is seeking permission to cut benefits for participants, including retirees, as part of a proposed rescue plan awaiting approval from the U.S. Treasury Department.

Ford to report higher earnings due to change in financial reporting for pension expenses

By: Thomson Reuters

Published January 07, 2016 - 10:07am CST

(Reuters) — Ford Motor Co. said on Thursday it will restate its financial results since 2011 and show a $1.5 billion rise in 2015 pretax profit because it is moving to a mark-to-market method of reporting pension expenses.

Anthem 401(k) plan participants sue company over higher fees

By: Robert Steyer, Pensions & Investments

Published January 06, 2016 - 4:48pm CST

Exorbitant investment management fees and ill-considered investment choices have landed Anthem Inc. in hot water with some of its employees.

Employers Council on Flexible Compensation names new director

By: Jerry Geisel

Published January 06, 2016 - 2:17pm CST

The Employers Council on Flexible Compensation has named Martin Trussell as its new executive director.

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