Defined Benefits

W. Thomas Reeder Jr. was confirmed as the next director of the Pension Benefit Guaranty Corp by a voice vote in the Senate.

Americans are living longer, but last year's mortality tables may have had them living too long. Updates will now save defined benefit plan sponsors money.

Corporate pension plans are down for the year to date now, figures show.

Prudential signed a buyout agreement with J.C. Penney and will also assume some pension obligations of the U.S. subsidiary of Royal Phillips.

New funding is delaying the projected insolvency date for the Pension Benefit Guaranty Corporation multiemployer insurance program.

An American retirement fund is suing Volkswagen for scheming to defraud investors.