The company will transfer the management of the plans for roughly 36,000 retirees to a third party.
Total unfunded liabilities for U.S. state public pensions will balloon by 40 percent to $1.75 trillion through fiscal 2017, Moody's said.
United Technologies said on Thursday it would cut the overall size of its pension liabilities by about $1.77 billion in 2016.
Philip Benton, senior research analyst at Euromonitor International, discusses Tesco's positive first-quarter data, saying that the supermarket price war continues.
The Rhode Island state treasurer said Thursday he plans to reallocate hedge fund money into more traditional asset classes over the next two years.
Seth Magaziner, Rhode Island General Treasurer, discusses the state's decision to cut its hedge fund holdings in its pension fund in half.
CNBC's Kate Kelly reports on Rhode Island's pension fund cutting its exposure to hedge funds in half.
British shadow chancellor John McDonnell tells CNBC that the Labour party will employ a "proper legislative base" to prevent tax avoidance.
Piers Hillier, chief investment officer at Royal London Asset Management, is "really disappointed" in the U.K.'s reluctance to initiate an infrastructure spending package.
CNBC's Rick Santelli and David Tawil, Maglan Capital President, discuss monetary policy effects on sections of the economy like pensions.
Ralf Preusser, global head of rates research at Bank of America Merrill Lynch, explains why he considers the ECB's negative interest rates to be doing more harm than good.
Former Dallas Fed President Richard Fisher weighs in on the impact of the Fed's wealth effect policy.
Scott Stringer, (D) NYC Comptroller, discusses the city's letter to the board of Mylan over the risks of EpiPen price hikes for New York City's pension funds.
Diana Farrell, JPMorgan Chase Institute CEO, discusses how more senior citizens in the U.S. are joining the gig economy to supplement their incomes.
State pension funds are looking at a $1 trillion shortfall in what they owe workers in benefits, according to new data from The Pew Charitable Trusts.
Wall Street banks were shooed away from putting their own money into private equity funds after the financial crisis.
CNBC's Kate Kelly reports the loss in popularity of hedge funds with state pension funds as investments.
Discussing the current state of the market with Ron Weiner, RDM Financial Managing Director; Jonathan Corpina, Meridian Equity Partners Senior Managing Partner; and CNBC's Rick Santelli.
Chicago Mayor Rahm Emanuel unveiled on Wednesday a plan to save the city's biggest retirement system from insolvency.
The 'Stagnation Generation' report calls for the social contract between young and old generations to be renewed.