Defined Benefits

The funded status of the 100 largest corporate defined benefit pension plans eroded slightly last month.

The numbers, an industry lobbyist says, amount to a giant target on the back of the retirement business.

U.S. District Court Judge John Antoon II ruled that the PBGC should have been awarded assets in the original liquidation of News-Journal, and ordered Cox to pay $13.9 million to PBGC.

Private pensions outperformed public funds and foundations and endowments in the second quarter, returning 4 percent, according to Northern Trust Universe data.

Workers who leave jobs with the federal government transferred $10 billion last year out of the Thrift Savings Plan.

The offering will be Motorolas biggest bond sale since 2007.