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
government and pension benefit guaranty corp. - All News and Analysis
Paying for pensions
- 2006-08-05
Amid all the pre-election, end-of-session congressional debates over military spending, minimum-wage increases and offshore drilling, Congress also dealt with the matter of pension reform. That sounds like a yawner, but this issue is perhaps the most important one Congress will deal with in this and coming sessions. ...
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...
Employee Benefits Law: ERISA and Beyond features a number of IRS and PBGC forms, and includes thorough coverage of recent landmark Supreme Court decisions.
- 2006-02-13
M2 PRESSWIRE-13 February 2006-Research and Markets: Employee Benefits Law: ERISA and Beyond features a number of IRS and PBGC forms, and includes thorough coverage of recent landmark Supreme Court decisionsC1994-2006 M2 COMMUNICATIONS LTD RDATE:16022006 Dublin - Research and Markets (http://www.researchandmarkets.com/reports/c32850)...
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...
Retirement planning is now a do-it-yourself job
- 2005-12-17
The traditional pension plan appears to be in danger of extinction.Once prevalent in corporate America, many companies have converted their defined pension plans into 401k savings plans while others, like bankrupt United Airlines, have turned them over to the federal government's Pension Benefit Guaranty Corporation, an entity Congress created in...
Pension Reform to Pass This Year.
- 2005-09-30
Byline: Kathy Rowings Congress is set to complete work on an overhaul of pension laws before the year is out. The changes will help shore up the Pension Benefit Guaranty Corp. PBGC, the government backstop for private pension plans. And it will set tougher...
Business legislation to languish on hill.(passing of business laws)(Brief Article)
- 2005-09-16
Congress has little time for business-related bills now. Lawmakers are focused on helping the victims of Katrina, rebuilding storm-damaged areas and assessing blame for the government's slow response. The shift in focus means that some nearly sure bets may languish indefinitely. Next year...
When pensions go bust
- 2005-07-01
When a judge recently agreed to let United Airlines renege on its pension promises to its workers, a new and cloudy day had dawned. A day of betrayal, to be followed by a long twilight of insecurity. For even as George W. Bush is trying to slash benefits that Social...
Flight attendants to appeal pension bailout at United
- 2005-05-19
The union for United Airlines flight attendants gave notice Wednesday that it will appeal a bankruptcy judge's May10 decision allowing the airline to terminate all four of its pension plans. United, which has been in bankruptcy protection 29 months, said it will move forward on Judge Eugene Wedoff's order...
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
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Progressive Corp. Q3 2009 Earnings Call Transcript
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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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