Cooper Tire & Rubber Co. will inject $39 million into its pension plan in an agreement with the Pension Benefit Guaranty Corp.
First-quarter contributions climbed slightly for both employers and employees.
Although Fidelity says it is seeing employers are stepping up communications around their 401(k) plans as a result of the recent market swing, many experts say they aren’t seeing that at all.
The Pension Benefit Guaranty Corp. took over the three pension plans of Proliance International Inc., according to a news release.
The funded status of the average U.S. corporate pension plan increased by only 0.1 percentage point to 79.2 percent last month.
The company contributed $3 billion to its pension plans in the quarter ended June 30 and plans to make an additional $600 million contribution by the end of the year.
Commentary: Employers are in favor of phasing in health care reform by implementing high-priority elements first and testing whether savings assumptions are correct.
Benefits managers are getting over their aversion to talking publicly about health benefit plans and using social media to cut through the clutter of information and connect with employees.
A Senate panel has until that date to deliver a bipartisan health care overhaul package before Democratic leaders take steps to push a bill without broad Republican support, a senior member of the Finance Committee says.
The Senate Finance Committee chairman says a bipartisan team of negotiators have locked down “two major issues” that will be part of the broad framework for health care reform.