Pension Benefit Guaranty Corp.

Recent Events

News & Analysis

benefit plan and pension benefit guaranty corp. - All News and Analysis

• 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...

  Tags: asset, benefit, benefit plan, budgeting, financial, pension, Pension Benefit Guaranty Corp.

• 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...

  Tags: benefit, benefit plan, Pension Benefit Guaranty Corp.

• 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...

  Tags: benefit, benefit plan, Pension Benefit Guaranty Corp., pension plan

• 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...

  Tags: asset, benefit, benefit plan, Harvard University, Nissan Motor Co. Ltd., Pension Benefit Guaranty Corp., pension plan, UAL Corp.

• Congress must press ahead toward final pension bill.

  - 2005-11-21

  We applaud members of the U.S. Senate for their ability to compromise and overwhelmingly approve pension funding reform legislation last week. The 97-2 vote to approve the bill belies the difficulty Senate leaders faced in bringing the measure to We applaud members...

  Tags: benefit, benefit plan, Pension Benefit Guaranty Corp., U.S. Congress, U.S. Senate

• Senate panel OKs big PBGC premium hike; Budget bill's approach raises fears of more DB plan exits.(News)(Pension Benefit Guaranty Corp)

  - 2005-10-24

  Byline: JERRY GEISEL WASHINGTON-The battered employer-sponsored defined benefit pension plan system would suffer another blow if Congress enacts budget legislation passed last week by a Senate panel, pension experts say. The Senate Health, Educa Byline: JERRY GEISEL WASHINGTON-The...

  Tags: benefit, benefit plan, Pension Benefit Guaranty Corp., U.S. Senate

• Buck Consultants Proposals on Private Sector Single - Employer Pension Plan Funding and PBGC Reform

  BNET - 2005-06-10

  Many factors have contributed to the decline in defined benefit plans. The universe of defined benefit plans includes single employer and multi-employer plans, governmental and private sector plans, all of which raise different issues. This article puts forth a proposal that addresses only the problems of defined benefit plans sponsored...

  Tags: Pension Benefit Guaranty Corp., Pension Plan, Benefit Plan, Mellon, Benefits, Payroll Solutions, Human Resources

• 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...

  Tags: Pension Benefit Guaranty Corp., General Accounting Office, Pension, Benefit Plan, Benefits, Payroll Solutions, 401(k), Human Resources, Retirement Plans

• Looming pension crisis needs creative solutions; Economists, politicians say the time is ripe for reform.(Retirement Crisis)

  - 2005-05-09

  Byline: Gregory Crawford and Vineeta Anand New York - When the next president of the United States takes office in January 2008, the oldest of the 77 million Americans, known as the baby boomer generation, will turn 62 and become eligible to...

  Tags: benefit, benefit plan, ERISA, Pension Benefit Guaranty Corp., pension plan, Social Security

• The Looming Retirement Disaster; The three-legged stool is broken. Social Security is a political nightmare, pension funds are disappearing, and private savings ... what private savings? We take a look at how we got into this mess, and how we can fix it.

  - 2005-04-18

  Byline: Gregory Crawford and Vineeta Anand Memo to President Bush and Congress: It's a retirement crisis, not merely a Social Security crisis. All three legs of the stool on which America's workers are expected to rely for retirement - Social Se ...

  Tags: asset, benefit, benefit plan, bond, Bush, company, defined contribution plan, Pension Benefit Guaranty Corp., pension fund, pension plan, Social Security, stock, tax, worker