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.
The administration has not joined employers in seeking a Supreme Court review of a federal appeals court ruling that upheld the city’s controversial health care spending law.
Given the size of the state and its large uninsured population, the report presents key data that officials from the Obama administration have eagerly awaited.
The Pension Benefit Guaranty Corp. has taken over the underfunded pension plan of Nortel Networks Inc., a Nashville, Tennessee-based subsidiary of Canadian telecommunications company Nortel Networks Corp.
Sun-Times Media Group, which filed for Chapter 11 bankruptcy protection on March 31, failed to make more than $800,000 in required payments to its five pension plans.