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
contribution and pension benefit guaranty corp. - All News and Analysis
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...
A slight handicap: NY Racing falls a little behind.(Frontlines)(New York Racing Association)(Brief Article)
- 2005-08-22
Byline: Vince Calio The NYRA controls the Aqueduct, Belmont Park and Saratoga courses. The New York Racing Association's $130 million pension plan has some catching up to do. The association, based in Saratoga Springs, N.Y., has missed about $7 Byline:...
Union sues United officers to secure pension funding.(News)(International Assn. of Machinists & Aerospace Workers sues United Airlines)
- 2004-08-02
Byline: JERRY GEISEL CHICAGO-United Airlines machinists last week filed suit in U.S. District Court in Chicago seeking to force the bankrupt airline to resume contributions to its massively underfunded pension plans. In July, United said it woul Byline: JERRY GEISEL ...
NCR registers new approach to pension plan; Latest to phase out defined benefit plan.(News)(NCR Corp.)
- 2004-07-05
Byline: JERRY GEISEL DAYTON, Ohio-Another major U.S. employer is phasing out its defined benefit pension plan. Information technology giant NCR Corp. of Dayton, Ohio, plans to close off its $2.8 billion pension plan to new and younger employees Byline: JERRY...
Pension funding bill clears panel; Senate must reconcile different approaches.(News)
- 2003-11-03
Byline: JERRY GEISEL WASHINGTON-With the deadline for action drawing near, Congress is closer to enacting stopgap pension funding relief that employers are urgently seeking. Last week, the Senate Health, Education, Labor and Pensions Committee Byline: JERRY GEISEL ...
News Briefs; San Francisco City & County makes changes to system's $3 billion alternatives program.
- 2003-10-27
SAN FRANCISCO - San Francisco City & County Employees' Retirement System approved a revamp of its $3 billion alternatives investments program, doubling allocations to special situation funds and small- to midsized buyout funds to 20% and 30%, res SAN FRANCISCO - San Francisco City & County...
Senate panel OKs change in pension funding; Bigger PBGC losses ahead?(News)
- 2003-09-22
Byline: JERRY GEISEL WASHINGTON-Employers with underfunded pension plans would be spared paying billions of dollars in required plan contributions under legislation passed last week by the Senate Finance Committee. A last-minute amendment to the Byline: JERRY GEISEL WASHINGTON-Employers...
bills will provide a blueprint for whatever goes into the final.(tax legislation related to pension funds)
- 1999-07-26
WASHINGTON -- The nation's budget surplus has ended Congress' money-grabbing raids on the pension system. That's the message from the inclusion of a slew of pension provisions in tax legislation crafted by the House and Senate ...
STRAUSS PUSHING DB PLANS: PBGC DIRECTOR'S WISH LIST INCLUDES RAISING SALARY LIMIT AND DOUBLING ALLOWABLE PENSION, BUT HAS SOME STRINGS.
- 1999-01-25
WASHINGTON -- PBGC Executive Director David M. Strauss is trying to muster White House support for a raft of ideas aimed at reviving traditional defined benefit pension plans. Sources say at least some of the trial balloons Mr. Strauss has floated WASHINGTON --...
Following years of change, Congress quiet on benefits.
- 1991-04-29
Following Years Of Change, Congress Quiet On Benefits After years of changing pension and employee benefit rules annually as part of the budget ritual, Congress seems less inclined to make legislative changes in benefits this year, for a variety of rFollowing Years Of Change, Congress...
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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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