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
investment 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...
Company Watch - Delta Air Lines
- 2008-03-10
Mar 10, 2008 Delta Air Lines flew 8.47 billion system RPMs in February, a 6.7% increase over the year-ago month. Capacity rose 5.6% to 11.31 billion ASMs and load factor was up 0.8 point to 74.9%. Mar 7, 2008 Delta's international capacity increased from 20% in 2005 to...
Company Watch - Northwest Airlines
- 2008-03-10
Mar 10, 2008 Delta Air Lines and Northwest Airlines pilots have resumed negotiations over how to merge contracts and seniority during a potential merger, according to media reports. It is unclear if pilot leaders have made any progress during the informal meetings. Previous talks ended about two weeks ago....
Delta shareholder wants say in Northwest merger talks
- 2008-03-08
The Pension Benefit Guaranty Corp., Delta Air Lines Inc.'s second- largest shareholder, wants a role in the carrier's merger talks with Northwest Airlines Corp. to safeguard retirement benefits of more than 160,000 workers. The airlines' pensions lack enough assets to pay promised benefits and would be underfunded by...
Mid-day market`s news stocks on watch!!: DALRQ, USSE, RWGI, XRMB, BANY.
- 2006-12-05
M2 PRESSWIRE-5 December 2006-TradersWorks.com: Mid-day market`s news stocks on watch!!: DALRQ, USSE, RWGI, XRMB, BANYC1994-2006 M2 COMMUNICATIONS LTD RDATE:05122006 Dallas, Texas - TraderWorks.com reports news and movements on: Delta Air Lines (OTC:DALRQ), U.S. Sustainable Energy Corp. (OTC:USSE), Rodedawg International...
News Briefs: PBGC discloses 23.4% ownership stake in UAL Corp.(Pension Benefit Guaranty Corporation)
- 2006-02-20
WASHINGTON - The PBGC holds a 23.4% stake in UAL Corp., the corporate parent of United Airlines, confirmed PBGC spokesman Gary Pastorius. According to a Schedule 13D filed Feb. 2 with the Securities and Exchange Commission, the pension agency owned 1 WASHINGTON - The PBGC holds...
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...
The defined contribution paradigm.
- 2004-12-01
Pension cognoscenti have frequently remarked on the stagnation of defined benefit pensions and the concomitant rise of defined contribution plans. This Article suggests that over the last generation something more fundamental, which can justly be called a paradigm shift, has occurred. Americans today primarily conceive of and implement retirement savings...
At Deadline; Ala. settles over WorldCom.(Retirement Systems of Alabama)
- 2004-10-04
The $22 billion Retirement Systems of Alabama will receive $111 million in a settlement with WorldCom's three investment banks and an accounting firm. JPMorgan Securities, Citigroup Global Markets, Banc of America Securities and the former Arthur And The $22 billion Retirement Systems of Alabama will receive...
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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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