BNET Industries
- Private
- US
Dow Jones Description
PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of 44.1 million American workers and retirees in 30,330 private single-employer and multiemployer defined benefit pension plans. PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plans.
Contact Information
Office of the General Counsel
1200 K Street, N.W.
Washington, District of Columbia 20005-4026
(202) 326-4400
Peer Companies
NAICS Code Pension Funds: 525110
Recent Events
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Blue Wolf Exec to Head U.S. Pension Agency
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Hayes Lemmerz strikes deal with PBGC, retirees
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Delphi retirees head to D.C.: Group will have hearing on lost benefits before Senate committee
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The PBGC strikes again
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NC's Hanesbrands boosts pension plan guarantees
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BRIEF-U.S. pension agency reaches $13.8 mln agreement with Hanesbrands
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Suit filed by ex-Delphi salaried group
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Pilots Sue to Drop PBGC as US Airways Pension Plan Trustee
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Time for true pension reform Politico
News & Analysis
Filter by
401(k) and pension benefit guaranty corp. - All News and Analysis
Create a pension backup plan: the benefits you've earned so far are safe, but future benefits could disappear. Are you prepared?(RETIREMENT INCOME)
- 2007-09-22
[ILLUSTRATION OMITTED] AFTER 22 YEARS WITH FORD MOTOR CO., HANK Neumayer is thankful that he is covered by his company's pension plan and hopes his job--and his benefits--will last for another eight years, when he'll qualify for early retirement. But he's not counting on...
What will pension law do?
- 2006-08-05
WASHINGTON -- A 93-5 Senate vote passes major pension legislation onto President Bush for his expected signature. Young workers, Wall Street, a couple of airlines and U.S. taxpayers could come out as winners in the pension changes. Some older employees, as well as truck drivers and construction workers...
Employee Benefits 2005.(Spotlight: Year in Review--Employee Benefits)
- 2005-12-26
JANUARY * Technology giant EDS Corp. is purchasing Towers Perrin's benefit administration unit for $420 million. As part of the transaction, EDS and Towers Perrin will form a new venture, combining Towers Perrin's benefits administration services and EDS' existing payroll and HR-related outsourcing...
Retirement planning is now a do-it-yourself job
- 2005-12-17
The traditional pension plan appears to be in danger of extinction.Once prevalent in corporate America, many companies have converted their defined pension plans into 401k savings plans while others, like bankrupt United Airlines, have turned them over to the federal government's Pension Benefit Guaranty Corporation, an entity Congress created in...
Highlights of a GAO Forum: The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation
BNET
- 2005-06-01
Employer-sponsored defined benefit pension plans face unprecedented challenges in the midst of significant changes in the nation's retirement landscape. Many defined benefit plans and the federal agency that insures them, the Pension Benefit Guaranty Corporation PBGC, have accumulated large and growing deficits that threaten their survival. Meanwhile, the percentage of...
Northwest Airlines supports pension reform legislation introduced in U.S. Senate; Bill would help protect taxpayers and workers with pension benefits.
- 2005-04-21
M2 PRESSWIRE-21 April 2005-NORTHWEST AIRLINES: Northwest Airlines supports pension reform legislation introduced in U.S. Senate; Bill would help protect taxpayers and workers with pension benefitsC1994-2005 M2 COMMUNICATIONS LTD RDATE:20042005 MINNEAPOLIS - Northwest Airlines today announced its support for legislation introduced...
Hill reformers take up pension issues
- 2003-06-15
Two years after Congress phased in higher contribution limits for 401ks and IRAs and made it easier to establish both DB and DC retirement plans, reformers are back with a sequel. At press time, committee leaders were nearly ready to start work on the "Pension Preservation and Savings Expansion...
Duluth News-Tribune, Minn., Business Briefs Column.
- 2002-01-29
Duluth News-Tribune, Minn. Knight Ridder/Tribune Business News Jan. 29--TOURISM CONFERENCE BEGINS TODAY: About 400 people, including Gov. Jesse Ventura, are expected to attend a three-day tourism conference at the Duluth Entertainment Convention Center this week. The event, which begins...
Round Two Ahead for Pension Reform.
- 2001-09-11
Byline:Joan Pryde Business interests will be knocking on Congress' door again next year, looking for the government to give retirement savings a boost by helping out employers. Although the '01 tax law (PL 107-16) included a host of pension reform provisions, most of the...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Glenn D. Gunnels | |
| Sherray Gibson | Senior Administrative Assistant |
Glenn D. Gunnels focuses his practice on all areas of employee benefits and executive compensation, including qualified and nonqualified retirement plans, welfare benefit plans, stock option plans, deferred compensation arrangements and executive employment agreements. Mr. Gunnels regularly advises corporate clients on compliance issues with respect to the U.S. Department of Labor, the U.S. Internal Revenue Service, and the Pension Benefits Guaranty Corporation. He has extensive experience with qualified retirement plans including 401(k), ESOP, and defined benefit plans; welfare benefit plans including COBRA and HIPAA issues; incentive compensation plans including stock options, supplemental retirement plans, and bonus arrangements; and employment agreements, including non-compete and confidentiality agreements. Mr. Gunnels also coauthored a chapter on retirement benefit considerations for LLCs for the book Limited Liability Companies in Kentucky.
| Organization | Position | Status |
|---|---|---|
| Schiff Hardin Llp | Partner | Current |
| U.S. Internal Revenue Service | Current | |
| Pension Benefit Guaranty Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Ncna | Administrative Assistant | Current |
| Pension Benefit Guaranty Corporation | Senior Administrative Assistant | Current |
Industry Transcripts by Seeking Alpha
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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
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Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
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Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
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American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
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MBIA Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about MBI
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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