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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Congress wants Delphi pension situation to be 'fixed'
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Pension Benefit Guaranty Corporation PBGC Selects Siteworx for Web site Evaluation and User Experience Enhancements
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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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Time for true pension reform Politico
News & Analysis
Filter by
agreement and pension benefit guaranty corp. - All News and Analysis
Delta, PBGC reach agreement on Delta Pilots Pension Plan.
- 2007-01-08
M2 PRESSWIRE-8 January 2007-Delta-Air: Delta, PBGC reach agreement on Delta Pilots Pension PlanC1994-2007 M2 COMMUNICATIONS LTD RDATE:05012007 ATLANTA - Delta Air Lines today confirmed that the Pension Benefit Guaranty Corporation PBGC, the federal agency charged with insuring the nation's pension plans...
Delta, PBGC reach agreement on Delta Pilot Pension Plan.
- 2006-12-05
M2 PRESSWIRE-5 December 2006-Delta-Air: Delta, PBGC reach agreement on Delta Pilot Pension PlanC1994-2006 M2 COMMUNICATIONS LTD RDATE:04122006 ATLANTA - Delta Air Lines today announced that it has reached a comprehensive settlement agreement that will resolve all issues in connection with the...
Government pension insurer appeals OK of Delta accord
- 2006-06-08
ATLANTA -- The government's pension insurer Wednesday appealed a bankruptcy court judge's approval of the $280 million-a-year concessions agreement between Delta Air Lines Inc. and its pilots. The appeal by the Pension Benefit Guaranty Corp. filed with the U.S. District Court in New York was terse and did...
PBGC appeals court ruling on Delta agreement with pilots
- 2006-06-08
AIRLINE INDUSTRY INFORMATION-C1997-2006 M2 COMMUNICATIONS LTD
Falcon Products Announces Agreement with PBGC on Pension Plan Terminations; Falcon Expects to Emerge from Chapter 11 by Mid-November
- 2005-11-09
ST. LOUIS -- Falcon Products, Inc. (Pink Sheets: FCPR.PK), a leading manufacturer of commercial furniture for the hospitality, contract and food service industries, today announced that it has reached an agreement in principle with the Pension Benefit Guaranty Corporation ("PBGC") relating to the termination of the Company's pension plans. The...
Pension funds: UAL, unions still at odds over termination plans; Flight attendants, machinists seek appeals to thwart airline's agreement with PBGC.(News)
- 2005-05-30
Byline: Nicholas Braude CHICAGO - UAL Corp.'s United Airlines continues to face intense opposition from labor groups and legislators in the weeks following bankruptcy court approval of a deal that allows the carrier to unload its pension plans ont Byline: Nicholas Braude ...
United, PBGC reach deal on takeover of pension plans.(Pension Benefit Guaranty Corp)(United Airlines)
- 2005-05-02
Byline: JERRY GEISEL WASHINGTON-A proposed agreement between United Airlines and the Pension Benefit Guaranty Corp. to allow United to shed all four of its massively underfunded plans is in the best interest of the airline and the federal pension Byline: JERRY GEISEL...
United Airlines reaches agreement with Pension Benefit Guaranty Corp
- 2005-04-25
AIRLINE INDUSTRY INFORMATION-C1997-2005 M2 COMMUNICATIONS LTD
US pension agency rebukes United Airlines over plans to dump pension plan
- 2004-12-17
CHICAGO AFP — The agency that guarantees US corporate pension plans lashed out at United Airlines over an agreement with its pilots' union that would allow the carrier to dump one of its employee pension funds with the union's blessing. The Pension Benefit Guaranty Corporation said it was concerned...
US Airways files for distress termination of pilot defined benefit pension plan and approval of a new pilot defined contribution pension plan; Company commits USD850m over next seven years to fund pilot pensions; New defined contribution plan to adhere to
- 2003-01-31
M2 PRESSWIRE-31 January 2003-US AIRWAYS: US Airways files for distress termination of pilot defined benefit pension plan and approval of a new pilot defined contribution pension plan; Company commits USD850m over next seven years to fund pilot pensions; New defined contribution plan to adhere to December...
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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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H&R Block, Inc. F2Q10 (Qtr End 10/31/09) Earnings Call and Investment Community Conference Transcript
on Dec 08, 2009about HRB
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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
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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