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
healthcare and pension benefit guaranty corp. - All News and Analysis
Create a pension backup plan: the benefits you've earned so far are safe, but future benefits could disappear. Are you prepared?(RETIREMENT INCOME)
- 2007-09-22
[ILLUSTRATION OMITTED] AFTER 22 YEARS WITH FORD MOTOR CO., HANK Neumayer is thankful that he is covered by his company's pension plan and hopes his job--and his benefits--will last for another eight years, when he'll qualify for early retirement. But he's not counting on...
Employee Benefits 2005.(Spotlight: Year in Review--Employee Benefits)
- 2005-12-26
JANUARY * Technology giant EDS Corp. is purchasing Towers Perrin's benefit administration unit for $420 million. As part of the transaction, EDS and Towers Perrin will form a new venture, combining Towers Perrin's benefits administration services and EDS' existing payroll and HR-related outsourcing...
Shouldering the load
- 2005-11-28
With the holiday season upon us, many people think about hopping on a plane to visit friends and relatives. But travelers who follow the news might have some concerns about the financial viability of the airline they've chosen for their travel, as troubled carriers seem to be a regular feature...
Now for the reckoning - Corporate America's legacy costs.
- 2005-10-15
Retirement benefits promised to employees are becoming a crippling burden for a growing number of firms, especially in America YOU didn't need an oracle to know that Delphi would end up in America's bankruptcy courts, which is where it sought protection from its creditors...
U.S. pension fund inherits troubles of company 'legacies'
- 2005-05-15
WASHINGTON -- Eyes glaze over at the mere mention of entities such as the Pension Benefit Guaranty Corp. or the Governmental Accounting Standards Board. But the PBGC's sudden prominence is symptomatic of the increasingly troubled relationship between America's welfare state and American capitalism, or those portions of capitalism that are...
Lawmakers realize they must act soon as pension agency shortfall doubles.(Brief Article)
- 2004-11-19
Forget Medicaid, Medicare and Social Security--the issue that is front and center on lawmakers' plates, even before the 109th Congress convenes, is pension plans. This week, the Pension Benefit Guaranty Corporation said it lost $12 billion last year, pushing its deficit to $23 billion...
Labor Grant to UT to Help Trade-Impacted Workers Pay for Health Insurance; Chao Announces Grant to Help Workers Pay Premiums
- 2003-06-20
WASHINGTON, June 20 /U.S. Newswire/ -- U.S. Secretary of Labor Elaine L. Chao today announced a National Emergency Grant of over $700,000 that will provide temporary health coverage for over 900 eligible Utah recipients under the Trade Adjustment Reform Act of 2002, and for certain individuals who receive pension benefit...
Labor Grant to MD to Help Trade-Impacted Workers Pay for Health Insurance; Chao Announces $5.6M to Help Workers Pay Premiums
- 2003-06-05
WASHINGTON, June 5 /U.S. Newswire/ -- U.S. Secretary of Labor Elaine L. Chao today announced a National Emergency Grant of over $5.6 million that will provide temporary health coverage for an estimated 5,100 eligible Maryland recipients under the Trade Adjustment Reform Act of 2002 and certain individuals who receive pension...
Labor Grant To NJ Will Help Trade-Impacted Workers Pay For Health Insurance; Chao Announces $1.9M to Help Workers Pay Premiums
- 2003-06-05
WASHINGTON, June 5 /U.S. Newswire/ -- U.S. Secretary of Labor Elaine L. Chao today announced a National Emergency Grant of over $1.9 million that will provide temporary health coverage for eligible New Jersey recipients under the Trade Adjustment Reform Act of 2002 and certain individuals who receive pension benefit payments...
New Labor Grant to Montana Will Help Trade-Impacted Workers Pay for Health Insurance
- 2003-05-29
WASHINGTON, May 29 /U.S. Newswire/ -- U.S. Secretary of Labor Elaine L. Chao today announced a National Emergency Grant of over $266,923 that will pay 65 percent of qualified health insurance premiums for an estimated 170 Montana workers eligible for assistance under the Trade Adjustment Reform Act of 2002 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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VeriFone Holdings, Inc. F4Q09 (Qtr End 10/31/09) Earnings Call Transcript
on Dec 14, 2009about PAY
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H&R Block, Inc. F2Q10 (Qtr End 10/31/09) Earnings Call and Investment Community Conference Transcript
on Dec 08, 2009about HRB
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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
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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