Defined Benefits

The PBGC will take over two of the Kansas aircraft-maker's retirement plans, and will continue a retirement pension plan for hourly workers.

The Arkansas Teacher Retirement System hopes to invest $60 million in the $1 billion Big River Steel LLC mill planned for Osceola, officials announced Wednesday.

UPS said that it lost $1.75 billion in the quarter because of a $3 billion charge for pension liabilities, compared with a profit of $725 million a year earlier.

More than two-thirds of European pension plans believe governments there will take aggressive action to close the retirement savings gap in the next five years.

Major tax law changes that would affect retirement plans likely wont take place in 2013, but the retirement community is watching regulators and the U.S. Department of Labor very closely.

The Pension Benefit Guaranty Corporation filed a $97 million lawsuit against The Renco Group Inc. and its affiliates for attempting to evade their pension obligations.