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
company and pension benefit guaranty corp. - All News and Analysis
News briefs.(Knoxville City Employees' Pension Fund )(Ohio Police & Fire Pension Fund )
- 2007-07-09
Study: more plans look at governance WASHINGTON - Many multinational companies are scrutinizing global investment policies and risk management strategies related to their retirement plans, according to a new Watson Wyatt Worldwide survey. About 78 Study: more plans look at governance ...
At Deadline.(appointments and acquisitions)
- 2006-12-25
Ford pension plan to shrink Ford is expected to use about 15% of its $42 billion in defined benefit assets to pay benefits to employees who opt for lump-sum payments as part of a voluntary buyout the company offered, sources said. ...
CalSTRS staff: Replace principles with UN initiative.(News Briefs)
- 2006-10-30
SACRAMENTO, Calif. - CalSTRS staff proposed scrapping the fund's nearly 30-year-old statement of investment responsibility, replacing it with the United Nations Environment Program financial initiative. Adopting the UNEP principles would put the pens SACRAMENTO, Calif. - CalSTRS staff proposed scrapping the fund's nearly 30-year-old statement...
Washington Briefs.(News)
- 2006-09-18
EBSA seeking comment on plan auditor guidelines WASHINGTON - The Employee Benefits Security Administration is seeking public comment on whether to update guidelines intended to ensure the independence of accountants who audit employee benefit plans EBSA seeking comment on plan auditor guidelines ...
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...
Ex-PBGC chief calls migration from DB plans `short-sighted'.(News)(Pension Benefit Guaranty Corp.)(Bradley Belt)
- 2006-06-12
Byline: Vince Calio WASHINGTON - Abandoning defined benefit plans for defined contribution plans will economically hurt U.S. companies in the long run, says the former chief of the PBGC. Bradley Belt, in an interview with Pensions & Investme Byline: Vince Calio...
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...
News Briefs: PBGC bailout bill likely dead in House until next spring.(Briefs)(Pension Benefit Guaranty Corp.)(Caterpillar Inc. contributes $530 million to its U.S. pension master trust)(FirstEnergy Corp. to contribute up to $600 million to unit plans)
- 2005-12-12
WASHINGTON - The PBGC-bailout pension bill is unlikely to come up for a vote in the U.S. House before Congress adjourns for the year, a spokeswoman for House Majority Leader Roy Blunt, (R-Mo.) confirmed. Instead, sources said they expect the House wo WASHINGTON - The PBGC-bailout...
Congress fiddles with pension reform bill while PBGC burns; Legislation unlikely to pass even though agency's deficit is seen as worsening.(News)(Pension Benefit Guaranty Corp)
- 2005-11-14
Byline: Vineeta Anand WASHINGTON - Days before the PBGC is expected to announce a worsening of its financial condition, two senators agreed to allow the huge pension bill they had been holding hostage since early October to proceed to the full Sen Byline:...
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...
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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