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
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Catapult Technology wins $1.4 million contract from PBGC
News & Analysis
Filter by
benefit and pension benefit guaranty corp. - All News and Analysis
Airlines' pension woes help reforms take off; Financial troubles of one business sector spark rethink for all.(News)
- 2007-07-09
Byline: JERRY GEISEL As the nation's airlines fight battles on many fronts, one huge issue that had been hanging over them-how to fund their enormous pension plan liabilities-is virtually gone. Over the past four years, all of the nation's major Byline:...
Who killed DB plans? All the usual suspects.(defined benefit plans)
- 2006-12-11
Byline: Douglas A. Love From asset managers to consultants, from plans sponsors to regulators, every major institution and professional practice surrounding defined benefit pension plans unintentionally has been an enabler of their impending demis Byline: Douglas A. Love From asset...
Reporting and disclosure requirements under the Pension Protection Act of 2006
- 2006-12-01
Much attention has been focused on the changes in funding rules contained in the Pension Protection Act of 2006 but the law also includes significant new reporting and disclosure requirements for both defined benefit and defined contributions plans. These Much attention has been focused on the changes in funding rules...
Tougher pension rules will strengthen the system.(Editorial)(rules for pensions)(Editorial)
- 2006-09-18
IS THE NEW PENSION funding reform law accelerating the demise of defined benefit plans? One could come-erroneously, in our view-to that conclusion from recent events. Since Congress passed the legislation last month, about half a dozen companies, IS THE NEW PENSION funding...
Congress approves pension reform bill; Provisions set out funding rules; cash balance plans gain shield.(News)
- 2006-08-07
Byline: JERRY GEISEL WASHINGTON-Sweeping pension reform legislation is on its way to President Bush for his signature. In a 93-5 vote last week, the Senate gave its approval to a measure, H.R. 4, that cleared the House late last month. ...
Survival strategy
- 2006-08-01
A struggling company with a severely under-funded pension plan might appear headed for bankruptcy and government takeover of the plan. Closer inspection, however, reveals many options short of unloading on the Pension Benefit Guarantee Corporation. First, A struggling company with a severely under-funded pension plan might appear headed for bankruptcy...
On the Importance of the Plumber: The Intersection of Theory and Practice in Policymaking for Federal Financial Institutions/Commentary
- 2006-07-01
The federal government's role as lender and insurer is very important, with over $1.4 trillion of loans and guarantees and at least $7 trillion of insured risk. Tens of millions of Americans benefit from housing loans, student loans, flood insurance, etc. Yet the federal financial institutions established to run these...
Artisan lifts out DuPont emerging markets team.(DuPont Capital Management Corp.)
- 2006-05-01
MILWAUKEE - Artisan Partners lifted out an emerging markets investment team from DuPont Capital Management, according to Andrew Ziegler, Artisan CEO and managing partner. The four senior investment professionals, led by Maria Negrete-Gruson, managing MILWAUKEE - Artisan Partners lifted out an emerging markets investment team...
Pension reform bill faces tough talks; Proposals differ on key issues.(News)
- 2006-02-27
Byline: JERRY GEISEL WASHINGTON-A congressional conference committee will soon begin attempting to fashion a compromise pension funding reform measure that could, if enacted, be the most significant pension legislation passed in the last three dec Byline: JERRY GEISEL WASHINGTON-A congressional...
At Deadline; PBGC sells some UAL shares.(Late News)(Pension Benefit Guaranty Corp)(Nissan North America freezes new defined benefit plan )(Operating Engineers Pension Trust hires Rainier Investment )
- 2006-02-06
The PBGC sold roughly $2.5 billion of shares it holds in UAL Corp., parent of United Airlines, said Jeffrey Speicher, PBGC spokesman. "Total sale proceeds amounted to about $450 million, or 18 cents on the dollar .... About 30% of the recovery The PBGC...
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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