Pension Obligations

RECENT NEWS
Forbes  Apr 19  Comment 
Each year in Illinois, increasing pension obligations are consuming more of its taxpayers’ dollars, pushing cities and towns to cut core services and raise property taxes just to keep up with the payments, policy experts say.
New York Times  Mar 17  Comment 
A Citigroup report on 20 nations said pension obligations, much of them unfunded, amounted to nearly twice the countries’ total national debt.
MarketWatch  Oct 2  Comment 
J.C. Penney Co. Inc. on Friday unveiled a plan to reduce its pension obligations by $5 billion, or 25% to 35%. The company said it has already completed a lump-sum offer to participants in the pension plan and entered an agreement with The...
Wall Street Journal  Sep 8  Comment 
More companies are preparing to offer lump-sum pension buyouts to their former employees, taking advantage of tax policies making it possible to reduce their pension obligations and lower their costs.
Reuters  Aug 11  Comment 
Growing pension obligations at Precision Castparts Corp , which Berkshire Hathaway has agreed to buy for $32 billion, highlight an issue that large U.S. corporations still face,...
Reuters  Mar 6  Comment 
A federal judge on Friday said the U.S. Pension Benefit Guaranty Corp's lawsuit accusing billionaire Ira Rennert's Renco Group Inc of trying to evade pension obligations...
Forbes  Feb 25  Comment 
The move is likely to depress Kimberly-Clark's second quarter GAAP results. However, it may also provide a bump to Kimberly-Clark's valuation as part of the non-current liability towards employee benefits will get shifted to the insurers. We will...
Wall Street Journal  Feb 23  Comment 
Kimberly-Clark expects to reduce its pension obligations by about $2.5 billion by transferring responsibility for benefits owed to roughly 21,000 of its U.S. retirees to Prudential Financial and MassMutual.
StreetInsider.com  Sep 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Bristol-Myers+Squibb+%28BMY%29+Will+Transfer+%241.4B+of+U.S.+Pension+Obligations+to+Prudential+%28PRU%29/9872966.html for the full story.
newratings.com  Sep 30  Comment 
NEW YORK CITY (dpa-AFX) - Biopharmaceutical company Bristol-Myers Squibb Co (BMY) said Tuesday it will settle $1.4 billion in pension obligations through the purchase of a group annuity contract from Prudential Insurance Co of America (PRU) for...




 
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