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Pensions

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  • Calpers CEO Latest Top Fund Officer to Exit Monday, 28 Apr 2008 | 11:11 PM ET

    The chief executive officer of the California Public Employees' Retirement System (Calpers), the biggest U.S. pension fund, said on Monday he would retire, days after its chief investment officer said he would step down.

  • South Korean Pension Fund to Shun US Treasurys Thursday, 27 Mar 2008 | 7:05 PM ET

    South Korea's National Pension Service, the world's fifth-biggest pension fund, said on Thursday it was shying away from U.S. Treasurys because of falling yields and the weakening dollar.

  • Standard Life Profit Pumps 43%, Beats Forecasts Wednesday, 12 Mar 2008 | 12:39 PM ET

    Insurer Standard Life posted a forecast-beating 43 percent rise in 2007 operating profit on Wednesday, despite a 249 million pound ($501 million) charge as UK customers continue to cash in policies early.

  • Warren Buffett's just-released annual letter to shareholders features a blistering attack on what he calls the "fanciful figures" of Corporate America's accounting, especially when it comes to assumptions about pension fund returns.  He says those assumptions are far too optimistic, designed to boost short-term earnings at the expense of future retirees.

  • Commercial Property Woes Hit Pension Funds: Report Tuesday, 5 Feb 2008 | 3:47 PM ET

    A new report finds the recent fall in commercial real estate values is beginning to affect the bottom lines of the nation’s big pension funds. The value of U.S. commercial real estate owned by big pension funds fell five percent in the fourth quarter of 2007, twice the drop of the third quarter, according to an index from the MIT Center for Real Estate.

  • Calpers Seen Taking Big Stake in Silver Lake Wednesday, 9 Jan 2008 | 7:55 AM ET

    Silver Lake, the largest technology-focused private equity firm, has reached a deal to sell a 9.9 percent stake to the California Public Employees’ Retirement System for about $275 million, according to people briefed on the deal.

  • EU to Investigate Whether BT Gets Unfair State Aid Thursday, 29 Nov 2007 | 10:11 AM ET

    European Union regulators said Thursday they will investigate whether British telecoms company BT Group is getting unfair financial help from the British government because its state guarantee exempts it from normal company pension rules.

  • Calpers May Change Manager Fee Scheme: WSJ Monday, 15 Oct 2007 | 4:23 AM ET

    The California Public Employees Retirement System (Calpers) is considering altering its fee structure to reward external investment managers only if they outperform certain indexes, the Wall Street Journal reported on Monday.

  • The bankrupt Melville-based American Home Mortgage is attempting to seize as much as $27 million that employees set aside from their paychecks as retirement savings.

  • In the wake of last week's market swoon, the manager of the largest pension fund in the United States believes global liquidity could start to decrease in earnest, which would actually be a good thing for long-term minded investors.

  • Tom's Foods Pension Plan Taken Over by Feds Monday, 16 Jul 2007 | 3:53 PM ET

    The Pension Benefit Guaranty Corporation, the federal agency that insures private defined-benefit pension plans, is taking over payments for nearly 3,000 workers and retirees of Tom's Foods.

  • Delphi Makes Pension Payment: Filing Friday, 13 Jul 2007 | 4:12 PM ET

    Delphi said in a regulatory filing Friday that it contributed about $48 million to its U.S. pension plans.  The amount represents the part of the pension contribution related to services rendered by Delphi employees in the second quarter of 2007, the auto supplier said in a filing with the U.S. Securities and Exchange Commission.

  • GM: How Long Can The Auto Maker's Run Last? Friday, 29 Jun 2007 | 11:48 AM ET

    For investors, employees and retirees of General Motors this has been the spring of smiles. Consider this: shares of GM are at a multi-year high, Wall Street (including S&P today) is becoming more optimistic about GM's recovery and there's a genuine feeling the company will come out of the UAW contract talks in pretty good shape.

  • DaimlerChrysler has assumed a $1 billion risk from Chrysler should its pension plans be terminated before an agreement with U.S. agency Pension Benefit Guaranty Corporation (PBGC) expires in five years.

  • AT&T CEO Whitacre said he will retire on June 3. He said the board had selected current COO  Stephenson to replace him as both CEO and chairman.

  • Today's Trivia Questions For Bonus Bucks Friday, 27 Apr 2007 | 11:06 AM ET

    Here's the day's trivia questions for Bonus Bucks. The video question is worth $2,000 Bonus Bucks: Currently, how many $1 Million homes are there on the market in Rockville, MD? Your selection of answers is: 38 or 18 or 24 or 32 And the news question is worth $1,000 Bonus Bucks: AT&T's CEO Edward Whitacre Jr. is set to retire. His pension plan will be worth more than how much? Your selection of answers is: $158.5 Million or $220 Million or $280 Million or $305 Million.

  • More Firms To Cut, Alter Pensions In 2007 Thursday, 1 Feb 2007 | 5:05 PM ET

    Corporate profits are up -- and corporate pensions appear solid. But "Street Signs" guest Alison Borland says more companies intend to terminate their pension plans this year. A senior benefits consultant for Hewitt Associates, Borland told CNBC's Erin Burnett about the bad news -- but why it may be less painful than some might expect.

  • M&S in Property Deal to Cut Pension Deficit Tuesday, 23 Jan 2007 | 3:26 AM ET

    Marks & Spencer said on Tuesday it would inject 500 million pounds ($987 million) into its final salary pension fund through a property partnership scheme and it would keep the scheme open to existing members.

  • British Airways Shares Lifted by Pension Deal Monday, 8 Jan 2007 | 4:14 AM ET

    Shares in British Airways rose as much as 3.3% in early Monday trading after the airline reached a deal with its four main trade unions on plans to tackle its 2.1 billion pound ($4.1 billion) pension deficit.

  • Emerging Market Funds: The Thai Impact Tuesday, 19 Dec 2006 | 1:11 PM ET

    Hedge funds and mutual funds have poured big money into emerging markets. Which funds have the biggest exposure, if the “Thai Financial Flu” spreads? CNBC’s Melissa Lee investigated – and revealed her findings on today’s “Power Lunch.” Certainly with emerging markets on such a run recently, this is an area where many investors have seen increasing exposure.