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PBGC to take over Furniture Brands International pension fund in sale
trueThe PBGC will take over the defined benefit pension funds of Furniture Brands International Inc., the agency announced Thursday.
PBGC takes over Journal Register pension fund
trueThe Pension Benefit Guaranty Corp. is assuming the defined benefit pension plan of the Journal Register Co.
PBGC deficit rises to nearly $36 billion
trueThe PBGC had a record deficit of $35.7 billion as of Sept. 30.
Stroh's calls closing time on defined benefit plan
trueStroh Cos. Inc. has asked the Pension Benefit Guaranty Corp. to take over its defined benefit plan.
Corporate pension execs wary of derisking fallout
trueCorporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.
PBGC to take over Pennfield pension fund
trueThe PBGC will take over the defined benefit pension fund of Pennfield Corp.
Senate HELP Committee OKs pension funding relief bill for charities, rural co-ops
trueCharities and rural cooperatives got closer to pension funding relief Wednesday as the Senate Health, Education, Labor and Pensions Committee unanimously approved legislation co-sponsored by Chairman Tom Harkin, D-Iowa.
PBGC appoints 1st advocate for participants and plan sponsors
trueConstance Donovan was named participant and plan sponsor advocate at the Pension Benefit Guaranty Corp., the agency announced Tuesday.
A long history of reaction
trueThe history of U.S. pension legislation over the last four decades is largely one of playing catch-up.
PBGC, Federal Thrift to operate as usual amid government shut down
trueThe PBGC and the Federal Thrift Savings Plan will operate normally amid the federal government shutdown.
Congress must act to save multiemployer pension plans
trueRetirement security for millions of skilled American workers is at stake without Congress taking action to shore up multiemployer pension plans.
Actuaries confirm PBGC deficit calculation
trueThe Pension Benefit Guaranty Corp.'s record $29.1 billion deficit in its single-employer program is based on reasonable assumptions, according to an analysis by the American Academy of Actuaries.
PBGC to take over 3 Allied Systems pension plans
trueThe PBGC will take over three defined benefit pension plans of Allied Systems Holdings Inc., Atlanta, the agency announced Thursday.
Revstone, Metavation fight PBGC, creditors' plan
trueAuto parts supplier Metavation LLC and its parent company, Revstone Industries, are fighting plans by the PBGC and other creditors to determine the companies’ fate in Chapter 11 bankruptcy proceedings.
Appellate ruling changes game for private equity
truePrivate equity funds face increased risk of being on the hook for their portfolio companies' pension liabilities following a federal appeals court ruling that is also raising broader questions about tax exposure for private equity partners and their investors.