Defined Benefits

A new study finds that pension costs as a percentage of city revenue average 7.9 percent, much lower than originally thought.

The UAW's chief lawyer testified Tuesday that he was willing to take the lead in negotiating retiree health care with Detroit but never got a response from emergency manager Kevyn Orr before the city filed for bankruptcy.

The Pension Benefit Guaranty Corp. announced it would pay all benefits owed to retirees of a Pennsylvania animal feed mill that sold its assets during bankruptcy proceedings.

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.