Defined Benefits

The Timken Co. of Canton, Ohio, has purchased a group annuity contract to pay future benefits for about 5,000 U.S. salaried retirees.

What if plan sponsors could guarantee participants life-time retirement income without creating more funding liabilities for themselves?

The $300 billion-plus pension fund racked up an 18.4 percent gain on its investments in 2014.

Alfred Villalobos faced conspiracy and bribery charges.

The U.S. Chamber of Commerce, among others, is opposed to the idea, while one of the biggest unions in the nation embraced it.

The plaintiffs, including two pension funds, alleged Bear Stearns misrepresented the quality of the securities it marketed to them.