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Retirement News Headlines

Philly refiner defers retirement fund payments to employees: letter

Philadelphia Energy Solutions will defer retirement payments to union members until next year, the company said in a letter to the union last week, the latest sign the refiner is struggling to find its financial footing after emerging from bankruptcy less than a year ago.

Big U.S. pension funds ask electric utilities for decarbonization plans

Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy have already made executives and directors receptive to the goal.

U.S. agency seeks approval to take over Sears pensions

A U.S. agency that insures worker pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert's proposed $5.2 billion buyout of the bankrupt retailer.

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