The United Steelworkers (USW) union is committed to defending the interests of its members and pensioners affected by U.S. Steel Canada's application for bankruptcy protection.
The market value of Canadian employer-sponsored pension funds totalled $1.4 trillion at the end of the first quarter, up 5.3% from the previous quarter, according to Statistics Canada.
Falling interest rates precipitated by geopolitical tensions led to higher liabilities and a lower funded status for the typical U.S. corporate pension plan in August.
Financial services companies have the best funded DB plans, while IT and healthcare companies tend to have the lowest funded plans, according to an analysis by BNY Mellon's Investment Strategy and Solutions Group.
Regina's mayor is calling for representatives from the employees' groups within the Civic Employees' Pension Plan to return to the negotiating table.
Pension benefits in Ontario's electricity sector pension plans are "richer" than most of the broader public service plans, according to a report.
Pension assets increased for a fourth successive quarter as global markets maintained their winning streak during the second quarter, according to RBC Investor & Treasury Services.
Detroit's workers and retirees have voted in favour of reducing their pension benefits.
An improving American economy and stable financial markets have given financial executives confidence to explore a range of options to help their companies better manage the costs and risks of their healthcare, pension and other benefits programs, according to a report.
The funded status of the typical U.S. corporate pension plan increased 1.4 percentage points in June 2014 to 92%.