Tag: pension funds

Ruling Helps Employers Ending Union Pension Funding

By Alexander J. Burridge, Attorney, Bodman PLC Nov 15, 2021 Benefits and Compensation

Updated: Nov 15, 2021

The U.S. 6th Circuit Court of Appeals (which covers Michigan employers) recently issued a long-awaited decision about the appropriateness of interest rate assumptions used by union pension funds to calculate withdrawal liability. The court affirmed a district court’s opinion holding the Ohio Operating Engineers Pension Fund’s use of the “Segal Blend” violated the Employee Retirement […]

Corporate Pension Funding Highest in Five Years, Above 90 Percent for September

By Jane Meacham, Contributing Editor Oct 9, 2013 Benefits and Compensation

Updated: Oct 9, 2013

Two indicators of U.S. corporate pension health topped 90-percent funding ratios for September, a significant sign of improvement in the vitality of defined benefit plans. Mercer’s S&P 1500 Indicator Rises Funding levels of DB plans sponsored by Standard & Poor’s 1500 companies monitored monthly by human resources consultant Mercer improved in the latest month, reaching […]