25 02, 2015

Longer Lives Hit Companies With Pension Plans Hard

2015-02-25T18:26:04-08:00February 25th, 2015|Categories: Pension Funding|Tags: , , , |

When General Motors Co.’s pension plan took a big hit earlier this month, it joined hundreds of companies facing growing pension shortfalls as Americans keep living longer. Longevity has a downside for those paying the bills, and the higher costs now have to be reflected on corporate balance sheets because of new mortality estimates released in October. […]

10 02, 2014

General Motors expects to contribute $849 million to pension funds in 2014

2014-02-10T18:10:23-08:00February 10th, 2014|Categories: Retirement|Tags: , , |

General Motors Co., Detroit, announced Thursday it plans to contribute $100 million to its frozen U.S. defined benefit pension plans and $749 million to its non-U.S. defined benefit pension plans in 2014. The company also announced in the annual report filing that it completed an investment policy study for the U.S. pension funds. As a result, the U.S. plans’ target to fixed income was reduced to 58% from 60% and its target to private equity, real estate, hedge funds [...]

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