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
-
Congress wants Delphi pension situation to be 'fixed'
-
Pension Benefit Guaranty Corporation PBGC Selects Siteworx for Web site Evaluation and User Experience Enhancements
-
Blue Wolf Exec to Head U.S. Pension Agency
-
Hayes Lemmerz strikes deal with PBGC, retirees
-
Delphi retirees head to D.C.: Group will have hearing on lost benefits before Senate committee
-
The PBGC strikes again
-
NC's Hanesbrands boosts pension plan guarantees
-
BRIEF-U.S. pension agency reaches $13.8 mln agreement with Hanesbrands
-
Time for true pension reform Politico
News & Analysis
Filter by
general accounting office 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...
Pension funding rule overhaul likely
- 2005-07-01
In the years before United Airlines shuttered its retirement plans and transferred a record $6.6 billion in claims to the federal pension agency, the company paid very little into its own plan or into the system that insures benefits. United played by the same funding rules as financially strong...
Private Pensions: The Pension Benefit Guaranty Corporation and Long-Term Budgetary Challenges
BNET
- 2005-06-09
More than 34 million workers and retirees in over 29,000 single-employer defined benefit plans rely on a federal insurance program managed by the Pension Benefit Guaranty Corporation PBGC to protect their pension benefits. This paper provides GAO's observations on the nature of the challenges facing PBGC and why it is...
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...
GAO keeps PBGC on its 'high risk' watch list.(News)(Government Accountability Office, Pension Benefit Guaranty Corp.)(Brief Article)
- 2005-01-31
Byline: JERRY GEISEL WASHINGTON-The Government Accountability Office is keeping the federal government's pension insurance program on its "high risk'' watch list of agencies and programs that need congressional action. The Pension Benefit Byline: JERRY GEISEL WASHINGTON-The...
Long Island Financial Briefs: August 1, 2003
- 2003-08-01
In an attempt to boost its profile and diversify its appeal, the Long Island Venture Group has hired new management. Westchester-based CINN Worldwide will now handle the marketing and promotion for the group, as well as performing certain day-to- day administrative functions. Previously, Long Beach HJMT Communications handled...
Late News; GAO places PBGC on `high risk' list.
- 2003-07-28
The General Accounting Office has again placed the government's pension insurance program on its "high risk'' watch list of agencies and programs that need congressional action. The Pension Benefit Guaranty Corp.'s single-employer insurance pro The General Accounting Office has again placed the government's pension...
Pension program at risk
- 2003-07-24
WASHINGTON -- Congressional investigators on Wednesday designated the government's pension insurance program as "high risk," adding it to a list of major agencies and programs that need urgent attention to continue operating effectively. The Pension Benefit Guaranty Corp., which pays a portion of retirement benefits promised to...
Statement of Labor Secretary Elaine L. Chao on GAO Action Regarding Pension Benefit Guaranty Corporation
- 2003-07-23
WASHINGTON, July 23 /U.S. Newswire/ -- Elaine L. Chao, U.S. Secretary of Labor and chair of the Pension Benefit Guaranty Corporation PBGC Board, today released the following statement about the General Accounting Office's decision to place PBGC single eWASHINGTON, July 23 /U.S. Newswire/ -- Elaine L. Chao, U.S. Secretary of...
- 1
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
-
Paychex Inc. F2Q10 (Qtr End 11/30/09) Earnings Call Transcript
on Dec 17, 2009about PAYX
-
Discover Financial Services F4Q09 (Qtr End 11/30/09) Earnings Call Transcript
on Dec 17, 2009about DFS
-
VeriFone Holdings, Inc. F4Q09 (Qtr End 10/31/09) Earnings Call Transcript
on Dec 14, 2009about PAY
-
H&R Block, Inc. F2Q10 (Qtr End 10/31/09) Earnings Call and Investment Community Conference Transcript
on Dec 08, 2009about HRB
-
Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
IndustryTop Rated
- As Income Mobility Falls, American Dream Fades 7 votes
- Creative Destruction and the new Money Trust 6 votes
- Geithner Deal With Wall Street Over AIG Swaps Cost Taxpayers $13 Billion 4 votes
- Civil Rights Group Teams With Wells Fargo Despite Charges of Predatory Lending 4 votes
- Citigroup Hit With Huge Credit Loss 3 votes
Presented by American Express