Defined Benefits

The funded status of corporate pension plans rose to 91.8 percent in October, according to BNY Mellon Investment Strategy & Solutions Group.

A judge has ordered Sunkist Growers Inc. and the companys retirement plan fiduciaries to restore $1.6 million in losses to employee benefit plans.

As politicians, retirees and city and state governments strain to address unfunded defined benefit pension obligations, a Manhattan Institute fellow set out to address what he terms a few myths and half-truths.

The Pension Rights Center tells lawmakers it doesnt agree with the idea of cutting existing benefits to retirees.

Detroit's emergency manager faced tough cross-examination Tuesday from lawyers for unions and retirees as he defended his decision to take the city into bankruptcy without first striking a deal to prevent pension cuts.

More than 12,000 employees of the U.S. government-backed mortgage giants Freddie Mac and Fannie Mae will lose their pension plans at the end of the year.