PBGC

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  1. 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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  1. 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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  2. 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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  3. 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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  4. 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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  5. 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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  6. 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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  7. 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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  8. 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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  9. PBGC reaches settlement with Saint-Gobain to prevent pension plan takeover

    trueThe PBGC has reached a settlement that will allow Saint-Gobain Containers Inc. to continue as the sponsor of its pension plan following threats by the agency to take possession of the plan.

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  10. PBGC proposes rollover help

    trueParticipants in defined contribution plans could combine those assets with their defined benefit plans without worrying about federal guarantee limits, under a plan to be proposed Wednesday by the Pension Benefit Guaranty Corp.

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  11. PBGC issues call for custodian

    truePension Benefit Guaranty Corp. issued an RFP for a custodian for its $60 billion in trust fund investment assets.

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  12. Obama's 2015 budget limits retirement tax deductions, increases PBGC premiums

    truePresident Barack Obama's 2015 federal budget, unveiled Tuesday, calls for a 28% limit on retirement-related tax deductions and an overall cap on all retirement accounts, including pensions, that could bring in $1 billion per year in new tax revenue.

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  13. Playing offense could net PBGC $95 million in Revstone case

    trueThe Pension Benefit Guaranty Corp.’s campaign to recover pension assets of Revstone Industries LLC — a case involving several defined benefit plans, civil and bankruptcy court litigation, and lots of moving parts — appears headed for success.

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