PBGC

The retirement- and investment-related tax proposals in President Barak Obama's fiscal 2014 budget are bargaining chips in the administration's battle with Republicans, Washington insiders say.

The Pension Benefit Guaranty Corp. reversed course and proposed a new rule that will exempt as many as 90% of companies from having to disclose “reportable events” such as bankruptcies and mergers.

The Pension Benefit Guaranty Corp. is taking over a pension fund sponsored by Bill Johnson's Restaurants Inc., a Phoenix-based restaurant chain.

Reversing course on a controversial rule that would have upped the reporting burden for defined benefit plan sponsors, the Pension Benefit Guaranty Corp. on Wednesday proposed a new rule that will exempt as many as 90% of companies from having to disclose “reportable events” such as bankruptcies ...

When a company is in bankruptcy or facing financial hardship, at some point it might have to face the question of whether to terminate its defined benefit pension plans. This is a difficult decision, and hard as a plan sponsor tries, termination might turn out to be the only option.

Pension Benefit Guaranty Corp. will take over two defined benefit pension plans of auto parts supplier Metavation LLC as the company parent Revstone Transportation LLC sells its interest, agency officials announced Friday.

The U.S. multiemployer defined benefit pension system needs fundamental restructuring but it should come from the private sector, not government, argues a new report issued Tuesday by the National Coordinating Committee for Multiemployer Plans, Washington.

The PBGC has taken over the pension fund of Findlay Industries, the agency announced Monday.

The Pension Benefit Guaranty Corp. raised alarms about the viability of the multiemployer defined benefit pension system in the U.S. when it sent three long-awaited reports to Congress on Jan. 29.

Pension Benefit Guaranty Corp. will assume benefit payments for two pension plans for salaried employees at Hawker Beechcraft Inc., Wichita, Kan., according to a news release from the PBGC.

Three reports by the Pension Benefit Guaranty Corp. on the financial health of multiemployer defined benefit pension plans are raising calls from Capitol Hill for possible reforms to prevent plan closings and increased PBGC deficits.