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
Filter by
health care and pension benefit guaranty corp. - All News and Analysis
Late News; Forecast predicts 17 named storms.
- 2006-06-05
Seventeen named storms will form during the Atlantic hurricane season that began last week, the Tropical Meteorological Project at Colorado State University predicts. In a forecast that mirrors earlier predictions made in December 2005 and April, the Seventeen named storms will form during the Atlantic hurricane...
Late News; Bill would deny PBGC funds for United deal.
- 2005-06-27
The House of Representatives voted last week to prevent the Pension Benefit Guaranty Corp. from using funds to carry out its agreement with United Airlines to take over its pension plans. Rep. George Miller, D-Calif., attached the legislation as an a The House of Representatives voted...
What may be in store during 2005.(Opinions)(Pension Benefit Guaranty Corporation )
- 2005-01-03
The end of the year is an opportune time to look ahead as well as back, and Business Insurance is continuing its tradition of predicting what we think will be "in'' and "out'' in risk management and employee benefits in 2005. Our record ...
2004 Newsmakers.(Spotlight: Year in Review - Employee Benefits)
- 2004-12-27
When Bradley Belt joined the Pension Benefit Guaranty Corp. in April as its executive director, he surely knew how serious the agency's financial problems were. Only a few months before, the PBGC had reported an $11 billion deficit, the worst in its When Bradley Belt...
News: PBGC struggles to cope with US firms' bankruptcy claims.
- 2004-11-29
US companies are using the bankruptcy code to rid themselves of the legacy, pension and health liabilities of their retirees, said Management Capital Management. It warned that this would force even more liabilities and pressure onto the struggling P US companies are using the bankruptcy code...
Late News; PBGC's deficit shrinks, still remains high.(Pension Benefit Guaranty Corp.)
- 2004-05-24
The Pension Benefit Guaranty Corp.'s financial condition has improved slightly, but its deficit is still a near-record $9.7 billion. As of March 31, the midpoint of its 2004 fiscal year, the deficit fell from its record $11.2 billion in fiscal 2003. The Pension Benefit Guaranty...
Lawmakers, execs among those who made headlines.(Spotlight)
- 2003-12-22
When Democrat John Baldacci campaigned in the Maine gubernatorial race last year, he pledged, if elected, to bring affordable health insurance coverage to every state resident. In 2003, he came one step closer to fulfilling that pledge. Gov. Balda When Democrat John Baldacci...
New Health Care Credit.(Internal Revenue Service)(Brief Article)
- 2003-11-01
The IRS estimates that nearly 200,000 people may qualify for a new Health Coverage Tax Credit. They include retirees age 55 and older who are receiving their pension payments from the Pension Benefit Guaranty Corp. and are not yet eligible for Medica The IRS estimates that...
Late News.(Business insurance news briefs)
- 2003-05-05
Aon unit targeted in harassment class action A group of female employees alleging sexual harassment and sexual discrimination by Aon Corp.'s insurance subsidiary filed a brief in federal court supporting their motion for class action status that d Aon unit targeted in harassment...
Late News.(Expected hurricane activity, adjusters forming global network and other news is offered)
- 2003-04-07
Hurricane team predicts above-average season The Atlantic and Gulf Coasts should experience above-average hurricane activity this year, according to Colorado State University's Tropical Meteorology Project. The hurricane prediction team, which is Hurricane team predicts above-average season The Atlantic and...
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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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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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