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
News & Analysis
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finance and pension benefit guaranty corp. - All News and Analysis
Pension agency downplays risks, GAO says
- 2008-08-18
WASHINGTON -- The federal agency charged with backstopping pension benefits for 44 million Americans has understated the risks of its new investment policy, a congressional watchdog said. The Government Accountability Office said in a report released today that the Pension Benefit Guaranty Corp.'s new strategy could significantly boost...
Company Watch - Delta Air Lines
- 2008-03-10
Mar 10, 2008 Delta Air Lines flew 8.47 billion system RPMs in February, a 6.7% increase over the year-ago month. Capacity rose 5.6% to 11.31 billion ASMs and load factor was up 0.8 point to 74.9%. Mar 7, 2008 Delta's international capacity increased from 20% in 2005 to...
Company Watch - Northwest Airlines
- 2008-03-10
Mar 10, 2008 Delta Air Lines and Northwest Airlines pilots have resumed negotiations over how to merge contracts and seniority during a potential merger, according to media reports. It is unclear if pilot leaders have made any progress during the informal meetings. Previous talks ended about two weeks ago....
Delta shareholder wants say in Northwest merger talks
- 2008-03-08
The Pension Benefit Guaranty Corp., Delta Air Lines Inc.'s second- largest shareholder, wants a role in the carrier's merger talks with Northwest Airlines Corp. to safeguard retirement benefits of more than 160,000 workers. The airlines' pensions lack enough assets to pay promised benefits and would be underfunded by...
Mid-day market`s news stocks on watch!!: DALRQ, USSE, RWGI, XRMB, BANY.
- 2006-12-05
M2 PRESSWIRE-5 December 2006-TradersWorks.com: Mid-day market`s news stocks on watch!!: DALRQ, USSE, RWGI, XRMB, BANYC1994-2006 M2 COMMUNICATIONS LTD RDATE:05122006 Dallas, Texas - TraderWorks.com reports news and movements on: Delta Air Lines (OTC:DALRQ), U.S. Sustainable Energy Corp. (OTC:USSE), Rodedawg International...
The Pension Protection Act of 2006 - a comprehensive reform package.
- 2006-11-01
EXECUTIVE SUMMARY * The PPA '06 makes many changes that will facilitate certain plan designs and affect how plans operate. * The PPA '06 makes permanent more than three dozen EGTRRA rules affecting IRAs and retirement plans. * Several...
Airlines put pressure on Senate over pension bill
- 2006-08-03
Four big airlines with ailing employee pension plans continue to exert powerful political pressure on the U.S. Senate as it considers legislation to reform the nation's retirement system. As a result, enactment of a sweeping reform bill months in the making depends to a great extent on the outcome...
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...
The Pension Answer Book, 2006 ed
- 2006-05-01
073555353X The pension answer book, 2006 ed. Krass, Stephen J. Aspen Publishers, Inc. 2006 $210.00 Hardcover KF3512 Utilizing a question and answer format, the authors (of the New York City law firm Krass, Snow & Schmutter, P.C.) present a single-volume reference work...
Fence Post.(News)(Letter to the Editor)
- 2006-02-05
Haves are having it better all the time United Airlines has come out from under three years of Chapter 11 bankruptcy and is going to award its CEO and his top 399 managers with 8 percent of the new UAL stock. This will probably amount...
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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