Asset Allocation
Teamsters’ Plan to Claim Most of Latest PBGC Aid
More than $800 million from Special Financial Assistance Program will help two pension funds covering more than 22,000 participants.
Tag: MPRA
Pensions
Indiana Roofers Pension Applies to Treasury for Benefits Cuts
Trustees of Roofers Local No. 88 propose a 10% reduction in benefits across the board.
Pensions
Musicians Pension Fund Reapplies for Benefits Cuts
Previous application to Treasury Department had been rejected over mortality, new entrant rate assumptions.
Asset Management Culture
Two More Pension Funds Apply to Treasury Department for Benefits Cuts
Arizona Bricklayers’ fund submits its first application, while Michigan Carpenters’ fund applies for the second time.
Pensions
Ohio Teamsters Pension Fund Seeks Benefits Reduction
The Building Material Drivers Local 436 pension plan is expected to run out of money by 2023.
Newsmakers
Treasury Rejects Benefit Cut Requests from Musicians, Teamsters Pensions
MPRA rejections were the first under Treasury Secretary Mnuchin.
Pensions
Treasury OKs Benefits Cuts for Ohio, NY Union Pensions
Cincinnati roofer, Niagara Falls electrical worker plans are 16th and 17th funds affected.
Pensions
NYC Teamsters Pension Reapplies for Benefits Cuts
Local 807 Labor-Management Pension Fund participants could see average benefit reduction of 21%.
Regulation
PBGC Approves Facilitated Merger of New York Pension Funds
Pension lifeboat will provide three annual payments of $8.9 million to merged plan.
Pensions
Musicians’ Pension Fund Applies for Benefits Cut
Proposed reductions would affect nearly half of plan’s 51,000 participants.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
NY Teamsters Pension Fund Reapplies for Benefits Cuts
New application raises return assumptions and lowers proposed reductions.