PBGC

Watch breaking news videos and read news updates about PBGC on pionline.com

  1. Obama appoints new chairwoman of PBGC advisory committee

    trueJoyce Mader was named chairwoman of the Pension Benefit Guaranty Corp.’s advisory committee on Tuesday.

    Articles

  1. Multiemployer plans untangle reforms

    trueSome multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees. Others are hoping for further reforms to allow for alternative plan designs.

    Articles

  2. PBGC gains additional pension funding for Safeway plan

    trueSafeway Inc. will contribute an additional $212 million to its largest pension plan in a settlement with the Pension Benefit Guaranty Corp., the agency announced Friday.

    Articles

  3. PBGC assumes Hovensa pension plan

    trueThe Pension Benefit Guaranty Corp. is assuming the defined benefit plan of Hovensa LLC, which is headquartered on St. Croix in the U.S. Virgin Islands and also owns a former oil refinery and an oil storage terminal there.

    Articles

  4. PBGC seeks special services investment manager for terminated plan assets

    trueThe Pension Benefit Guaranty Corp. is looking for a special situations investment manager for its trust fund.

    Articles

  5. PBGC urged to listen more to constituents, take less adversarial stance

    trueThe Pension Benefit Guaranty Corp. needs to listen more to plan executives and participants instead of taking an adversarial approach, the agency’s participant and plan sponsor advocate said in a report issued Wednesday.

    Articles

  6. Congress did the right thing to protect multiemployer plans

    trueCongress made the right decision to allow severely financially distressed multiemployer pension plans to cut retiree benefits.

    Articles

  7. Multiemployer plans can cut benefits to stay solvent

    trueTrustees of distressed multiemployer pension funds got new tools to avert insolvency in a package of reforms approved by Congress in mid-December, including the right to reduce benefits for active workers and retirees in deeply underfunded plans.

    Articles

  8. Proposed Congress spending bill allows some multiemployer plans to cut retiree benefits

    trueControversial reforms for multiemployer pension funds will be part of a congressional spending deal set for a final vote Thursday.

    Articles

  9. Immediate multiemployer reforms urged

    trueThe increasing risk that some multiemployer pension funds will be insolvent is putting pressure on lawmakers to enact some sweeping reforms in the final days of the 113th Congress before their scheduled adjournment Dec. 11.

    Articles

  10. PBGC wants bond managers to run billions of dollars in several strategies

    truePBGC is searching for active fixed-income managers, said an RFP posted on the Federal Business Opportunities website.

    Articles

  11. PBGC to finalize rollover rule

    trueParticipants in defined contribution plans can combine those assets with their defined benefit plans without exceeding federal guarantee limits set by the Pension Benefit Guaranty Corp., under a rule to be finalized Tuesday.

    Articles

  12. PBGC helps 2 New York multiemployer plans

    trueThe Pension Benefit Guaranty Corp. is offering financial assistance to two insolvent multiemployer pension plans in New York.

    Articles

  13. ERISA at 40: Stewards reflect on good, bad

    trueReflecting back on ERISA's first 40 years, the people who've administered it say there were some hits and some misses.

    Articles