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
financial 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...
PBGC financial position improves as deficit drops to $18.1 billion; Airline funding relief in pension reform law cuts some liabilities.(Pension Benefit Guaranty Corp.)(Brief article)
- 2006-11-20
Byline: MATT SCROGGINS WASHINGTON-The Pension Benefit Guaranty Corp. reported an improvement in its financial position for its 2006 fiscal year, with the agency's deficit narrowing to $18.1 billion from $22.8 billion a year ago. Much of the $4. Byline: MATT...
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...
Pension plan funding reform takes tortuous path; Financial woes at PBGC, corporate plan sponsors spurs legislative action.(Spotlight: Year in Review--Employee Benefits)
- 2005-12-26
Byline: Jerry Geisel The final chapter of the top employee benefits story of 2005-the congressional drive to tighten defined benefit pension plan funding rules-likely will be written in the first months of 2006. Like a good novel, this story has Byline:...
Keeping pension promises
- 2005-12-01
The Financial Accounting Standards Board FASB has approved a project to overhaul accounting for pension plans and other employee-retirement benefits. The accounting and reporting issues involved touch on the measurement of assets and liabilities, consolidation, and reporting of financial performance. In a unanimous vote in mid- November, the accounting...
PBGC says legislation could worsen its financial woes.(Tax Watch)
- 2005-10-17
Byline: Mark Battersby The Pension Benefit Guaranty Corp., the federal agency that insures private pension plans, has concluded that its financial problems could get worse under House and Senate bills intended to strengthen the traditional pe Byline: Mark...
Financial Audit: The Pension Benefit Guaranty Corporation's Fiscal Year 2004 Management Representation Letter on Its Financial Statements
BNET
- 2005-07-22
This document depicts about a report the purpose of which is to communicate the observations on the Pension Benefit Guaranty Corporation's PBGC fiscal year 2004 management representation letter. Its objective is to help ensure that future management representation letters submitted by PBGC are sufficient to help support Treasury and OMB's...
3. PBGC's financial woes.(Spotlight: Year in Review - Employee Benefits)(Pension Benefit Guaranty Corporation)
- 2004-12-27
Byline: Jerry Geisel Already ailing when the year began, the financial condition of the federal agency that guarantees pension plan participants' basic benefits dramatically worsened in 2004, with perhaps the worst financial news yet to come. I Byline: Jerry Geisel...
Bill seeks disclosure of filings with PBGC; Participants would get access to more corporate data.(News)(Pension Benefit Guaranty Corp.)(Brief Article)
- 2004-09-13
Byline: Jerry Geisel WASHINGTON-Participants in underfunded pension plans would be able to obtain nonpublic financial information about their employers under an amendment approved Wednesday by the House of Representatives. The amendment, propose Byline: Jerry Geisel WASHINGTON-Participants in underfunded...
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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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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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