Pension fund

TEAMSTERS TRIUMPHANT IN STRIKE AGAINST US FOODS

Retrieved on: 
Monday, January 29, 2024
Corporate America, US Foods, ULP, Local, International Brotherhood of Teamsters, International, Safety, Pension fund

WASHINGTON, Jan. 29, 2024 /PRNewswire/ -- Following nearly three weeks on the picket line, the Teamsters' strike against US Foods is over. After immense pressure and picket-line extensions from workers nationwide, Teamsters Local 705 has secured a strong new contract for US Foods drivers in Bensenville, Ill.

Key Points: 
  • US Foods Workers Defeat Broadline Food Distributor, Secure Strong Contract
    WASHINGTON, Jan. 29, 2024 /PRNewswire/ -- Following nearly three weeks on the picket line, the Teamsters' strike against US Foods is over.
  • After immense pressure and picket-line extensions from workers nationwide, Teamsters Local 705 has secured a strong new contract for US Foods drivers in Bensenville, Ill.
  • "US Foods saw what they were up against and caved," said Teamsters General President Sean M. O'Brien.
  • "With this strike, the Teamsters have struck a blow that will resonate throughout Corporate America," said Tom Erickson, Director of the Teamsters Warehouse Division and Teamsters Central Region International Vice President.

Wynnchurch Capital Closes on Fund VI at $3.5 Billion

Retrieved on: 
Friday, January 19, 2024
Banking, Professional Services, Finance, Capital, Ropes & Gray, Partnership, Insurance, LLP, Pension fund

Wynnchurch Capital, L.P. ("Wynnchurch"), a leading middle market private equity firm, announced the closing of its sixth private equity fund, Wynnchurch Capital Partners VI, L.P (“the Fund”) at $3.5 billion of committed capital.

Key Points: 
  • Wynnchurch Capital, L.P. ("Wynnchurch"), a leading middle market private equity firm, announced the closing of its sixth private equity fund, Wynnchurch Capital Partners VI, L.P (“the Fund”) at $3.5 billion of committed capital.
  • The Fund, which had a target of $3.0 billion, was significantly oversubscribed, resulting in the Fund closing less than five months after its initial launch.
  • Chris O’Brien, Managing Partner at Wynnchurch, said, “We are excited about Fund VI and are thankful for the support and partnership of our new and existing investors.
  • Fund VI investors include: state pension funds, sovereign wealth funds, endowments, insurance companies, corporate pension plans, investment advisors and family offices from around the globe.

TEAMSTERS RATIFY NEW CONTRACT AT BIMBO BAKERIES

Retrieved on: 
Wednesday, January 24, 2024
Bimbo Bakeries USA, International Brotherhood of Teamsters, DHL, UPS, Conference, Anheuser-Busch, Transport, Pension fund

WASHINGTON, Jan. 24, 2024 /PRNewswire/ -- Teamsters have voted overwhelmingly to ratify a new five-year contract at Bimbo Bakeries USA. The agreement secures significant pay raises and enhances health care protections for more than 900 Teamsters.

Key Points: 
  • WASHINGTON, Jan. 24, 2024 /PRNewswire/ -- Teamsters have voted overwhelmingly to ratify a new five-year contract at Bimbo Bakeries USA.
  • "This contract ensures Teamsters across all classifications will put more money in their pockets.
  • Teamsters at Bimbo Bakeries work across two bakeries, two distribution centers, and 20 sales centers throughout California.
  • The Teamsters represent more than 7,000 workers at Bimbo Bakeries and its subsidiaries.

MissionSquare Retirement Renews Partnerships, Ensuring Premier Retirement Plan Offerings for Public Service Employees Across the Nation

Retrieved on: 
Tuesday, January 16, 2024
Senior, City, Village, EIP, RHS, Anxiety, County, Retirement, Pension fund

From Georgia to California, MissionSquare Retirement will continue to help dedicated public service workers ensure they are on track for a secure retirement after a career serving their communities.

Key Points: 
  • From Georgia to California, MissionSquare Retirement will continue to help dedicated public service workers ensure they are on track for a secure retirement after a career serving their communities.
  • Andrew Whiting , Senior Vice President and Chief Sales Officer said, “At MissionSquare Retirement, we are known for our focus on the retirement needs of public service employees.
  • We’re honored these clients have renewed their relationship with us, signaling their continued trust in our retirement plan offerings and customized service.
  • As MissionSquare Retirement renews these important client relationships, the company remains committed to delivering the highest quality retirement products and services to the nation’s public service workers.

BRImo: The Mobile Banking Super App Driving Sustainable Growth of Bank Rakyat Indonesia

Retrieved on: 
Monday, January 15, 2024
App Store (iOS/iPadOS), Digital, Trust, Multimedia, BRI, CASA, Pension fund, IDX, Confidentiality, BBRI, QR, Edhi Sunarso, IDR, Development, Google Play, Growth, Online shopping

(IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.

Key Points: 
  • (IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.
  • "In the competitive landscape of mobile banking in Indonesia, BRImo has significantly contributed to the sector's progress.
  • Embodying inclusivity with its 'All in BRImo' tagline, BRImo has impressive ratings (4.7 on App Store, 4.5 on Google Play Store).
  • BRI also prioritizes data confidentiality with robust security measures like PINs, OTPs, and CVVs, making your mobile banking experience safe and secure.

BRImo: The Mobile Banking Super App Driving Sustainable Growth of Bank Rakyat Indonesia

Retrieved on: 
Monday, January 15, 2024
App Store (iOS/iPadOS), Digital, Trust, BRI, CASA, Pension fund, IDX, Confidentiality, BBRI, QR, Edhi Sunarso, IDR, Development, Google Play, Growth, Online shopping

(IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.

Key Points: 
  • (IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.
  • "In the competitive landscape of mobile banking in Indonesia, BRImo has significantly contributed to the sector's progress.
  • Embodying inclusivity with its 'All in BRImo' tagline, BRImo has impressive ratings (4.7 on App Store, 4.5 on Google Play Store).
  • BRI also prioritizes data confidentiality with robust security measures like PINs, OTPs, and CVVs, making your mobile banking experience safe and secure.

BRImo: The Mobile Banking Super App Driving Sustainable Growth of Bank Rakyat Indonesia

Retrieved on: 
Monday, January 15, 2024
App Store (iOS/iPadOS), Digital, Trust, BRI, CASA, Pension fund, IDX, Confidentiality, BBRI, QR, Edhi Sunarso, IDR, Development, Google Play, Growth, Online shopping

JAKARTA, Indonesia, Jan. 15, 2024 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Persero Tbk.

Key Points: 
  • JAKARTA, Indonesia, Jan. 15, 2024 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Persero Tbk.
  • (IDX: BBRI)'s BRImo, is an all-in-one mobile banking super app built to drive financial inclusivity, digital literacy, and elevate customer experience for digital transformation and sustainable growth.
  • "In the competitive landscape of mobile banking in Indonesia, BRImo has significantly contributed to the sector's progress.
  • Embodying inclusivity with its 'All in BRImo' tagline, BRImo has impressive ratings (4.7 on App Store, 4.5 on Google Play Store).

DHL-CVG TEAMSTERS RATIFY CONTRACT BY 98%

Retrieved on: 
Thursday, January 11, 2024
Local, International Brotherhood of Teamsters, Cincinnati/Northern Kentucky International Airport, CVG, DHL, Safety, National Labor Relations Board, Negotiation, Pension fund

WASHINGTON, Jan. 11, 2024 /PRNewswire/ -- Following a 12-day unfair labor practice strike that saw picket lines extended nationwide, 1,100 DHL ramp and tug workers of Teamsters Local 100 at Cincinnati/Northern Kentucky International Airport (CVG) have ratified their first contract with the logistics giant by a 98 percent margin.

Key Points: 
  • But the executives didn't win — workers did, and now they've got a powerful Teamsters contract to prove it," said Teamsters General President Sean M. O'Brien.
  • Throughout this fight, Teamsters at DHL-CVG stood strong and remained determined to secure an outstanding contract they can call their own."
  • "This collective bargaining agreement shows once again that when Teamsters fight, Teamsters win," said Teamsters General Secretary-Treasurer Fred Zuckerman.
  • "The new contract at CVG and the resolve of Teamsters across the country exemplify the power of collective action.

Milliman analysis: Corporate pensions close 2023 at 102.1% funded, second straight year-end with a surplus

Retrieved on: 
Monday, January 8, 2024
Professional Services, Data Analytics, Human Resources, Finance, Consulting, Accounting, Milliman, PFI, Pension fund

Milliman, Inc., a premier global consulting and actuarial firm, today released the year-end results of its Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Key Points: 
  • Milliman, Inc., a premier global consulting and actuarial firm, today released the year-end results of its Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
  • In 2023, corporate pension funding improved by $4 billion for the year.
  • Rebounding equity markets, led by the technology sector, drove this result as the PFI plan assets saw cumulative annual investment returns of 9.94%.
  • The Milliman PFI plans closed 2023 with a surplus of $29 billion and a funded ratio of 102.1%, up from 101.9% at the end of 2022.

Labaton Sucharow LLP Announces Amended Notice of Pendency and Proposed Settlement of Action for Record Holders and Beneficial Owners of (1) Snap Inc. Common Stock, as of December 15, 2023, and (2) Snap Inc. Class A Common Stock, as of July 19, 2022

Retrieved on: 
Monday, January 8, 2024
Legal, Professional Services, Compromise, Pension fund, Judgement, Risk, Class, Effective date, City, CLASS, Uncertainty, ARE, READ, Delaware Court, SNAP, Settlement, Person, Order, Episcopal conference, Entrepreneurship, COMMON, Prejudice, Justice Center, Court, Snap Inc., WITH, Plaintiff

The complete Form 8-K filing is available at www.sec.gov or on the Investor Relations section of Snap Inc.’s website.

Key Points: 
  • The complete Form 8-K filing is available at www.sec.gov or on the Investor Relations section of Snap Inc.’s website.
  • Pursuant to that Amended Stipulation of Compromise and Settlement, Snap Inc. is publishing an amended summary notice of pendency and proposed settlement of action.
  • This Amended Summary Notice advises Snap stockholders and potential members of the Class of information about the Action and the proposed Settlement.
  • Data, Ltd., at 1-877-495-0883 or [email protected] , or you can download a copy of the Amended Long-Form Notice from the Settlement website, www.snapstockholderlitigation.com .