The 6th U.S. Circuit Court of Appeals found a benefits committee used a reasonable process to conclude it paid a participant's benefits according to his election.
The funded status of U.S. corporate pensions rose by 3.1 percentage points in June to 89.5%, according to the BNY Mellon Investment Strategy & Solutions Group (ISSG).
The Governmental Accounting Standards Board (GASB) has published an Implementation Guide for new financial reporting standards for state and local government pension plans.
A federal judge dismissed a lawsuit brought against telecommunications firm Verizon Communications Inc., which dealt with the transfer of pension obligations.
The Securities and Exchange Commission (SEC) charged Chauncey C. Mayfield with stealing nearly $3.1 million from a pension fund and using the money to buy strip malls.
The American Benefits Council (ABC) testified before the ERISA Advisory Committee (ERIC) to describe the motivations behind employers reducing their pension plan liabilities by “de-risking.”
It is common for companies to have both defined contribution (DC) and defined benefit (DB) plans, but inconsistencies between them can lead to poor investment results and fiduciary...
Investment returns in defined benefit (DB) retirement plans outperformed those in defined contribution (DC) plans in 2011 by the widest margin since the mid-1990s, according to a new...
The financial services industry has to do a better job of helping people meet retirement goals, said Laurence Fink, chairman and chief executive of BlackRock.