PBGC

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  1. Cox Enterprises ordered to pay $13.9 million to PBGC for News-Journal plan

    trueCox Enterprises Inc. will have to give the Pension Benefit Guaranty Corp. $13.9 million to cover the unfunded pension liabilities of News-Journal Corp.

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  1. Church-plan status under increased scrutiny

    trueA growing number of lawsuits and some key court rulings are making it harder for church-affiliated defined benefit plans to be exempt from the Employee Retirement Income Security Act.

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  2. Senate committee limits PBGC plant-closing authority

    trueThe Pension Benefit Guaranty Corp. would have to use a narrower definition of pension liability rules in cases of corporate shutdowns under legislation approved Wednesday by the Senate Health, Education, Labor and Pensions Committee.

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  3. Church pension plan status rejected by U.S. District Court

    trueIn one of five major class-action lawsuits challenging church-affiliated sponsors of defined benefit plans, a federal judge ruled Tuesday that the pension plan of Dignity Health is covered by ERISA.

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  4. Slow process seen in naming Gotbaum successor at PBGC

    trueJoshua Gotbaum's resignation as director of the Pension Benefit Guaranty Corp. is expected to create a leadership vacuum at a critical time for an agency dealing with struggling multiemployer pension plans and corporate defined benefit sponsors stressed about premium increases.

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  5. Gotbaum's legacy

     

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  6. Delphi retirees impatient with PBGC

    trueA group of Ohio legislators is pushing the Pension Benefit Guaranty Corp. to determine the pension benefits for 20,000 former employees of Delphi Corp. after a five-year wait.

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  7. PBGC's Gotbaum to resign in August

    trueJoshua Gotbaum will resign in August as director of the Pension Benefit Guaranty Corp. In a letter sent to PBGC colleagues Friday, Mr. Gotbaum said that with three children in college, he promised his wife he would return to the private sector.

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  8. PBGC puts reportable changes program on hold

    truePension Benefit Guaranty Corp. declared a six-month moratorium Tuesday on a program that required employers to guarantee more pension assets in the event of major operational changes.

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  9. PBGC: Single and multiemployer plan deficits moving in opposite directions

    truePension Benefit Guaranty Corp.'s single-employer program is improving, but the funding crisis for multiemployer pension plans is not, said the agency's fiscal 2013 projection report released Monday.

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  10. PBGC issues call for emerging markets equity managers

    truePension Benefit Guaranty Corp. is searching for at least two emerging markets equity managers to run between $200 million and $500 million each.

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  11. Execs eagerly awaiting guidance from PBGC on liability issue

    truePBGC guidance on how agency officials enforce pension liability rules cannot come soon enough for some pension plan sponsors and their advocates.

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  12. PBGC takes over two Interfaith Medical Center pension funds

    trueThe PBGC took over two defined benefit funds of Interfaith Medical Center, the agency announced Thursday.

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  13. Pension fund executives caution more PBGC premiums will cost jobs

    trueCorporate defined benefit plan executives are switching tactics on Capitol Hill to avoid further increases in PBGC premiums.

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