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• The GM Pension Plan: A $100 Billion Problem Swept Under the Rug

  BNET - 2009-06-08

  Five or so years ago, when General Motors was simply financially challenged rather than bankrupt, financial writers joked that GM was in truth a huge pension plan, funded by an automobile operation. It wasn't far off the mark: in 2004, each active worker was outnumbered by 2.5 GM retirees, and...

  Tags: Pension Benefit Guaranty Corp., Pension Plan, General Motors Corp., U.K, Benefits, Payroll Solutions, Human Resources, John Keefe

• Worry About Your Pension, Not Your Pension’s Insurer

  BNET - 2009-05-27

  Last week the Pension Benefit Guaranty Corporation, the federal agency that pays your pension if your employer can't, told the Senate Select Committee on Aging that its assets fall $33.5 billion short of its obligations. In other words, the perennially underfunded agency wanted to let everyone know that it wasn't...

  Tags: Pension Benefit Guaranty Corp., Pension, Benefits, Payroll Solutions, Personal Finance, Human Resources, Eric Schurenberg

• Private Pensions: Questions Concerning the Pension Benefit Guaranty Corporation's Practices Regarding Single-Employer Probable Claims

  BNET - 2005-09-09

  The document consists of a report which deals with the Pension Benefit Guaranty Corporation's PBGC single-employer insurance program is a federal program that insures certain benefits of the more than 34 million worker, retiree, and separated vested participants of over 29,000 private sector defined benefit pension plans. It provides answers...

  Tags: Pension Benefit Guaranty Corp., Pension, Benefits, Payroll Solutions, Human Resources

• Pension Crisis in the United States - and the Rest of the Defined Benefit World

  BNET - 2005-09-01

  Retirement issues have drawn significant attention in the United States over the past year. Social Security and Medicare reform are high on the Bush administration's agenda, highlighting weaknesses in the current social retirement system. The Bush administration and the US Congress have proposed tighter pension funding regulations, intended to strengthen...

  Tags: Pension Benefit Guaranty Corp., Benefit, Mercer Human Resource Consulting, Bush Administration, Payroll Solutions

• Buck Consultants Proposals on Private Sector Single - Employer Pension Plan Funding and PBGC Reform

  BNET - 2005-06-10

  Many factors have contributed to the decline in defined benefit plans. The universe of defined benefit plans includes single employer and multi-employer plans, governmental and private sector plans, all of which raise different issues. This article puts forth a proposal that addresses only the problems of defined benefit plans sponsored...

  Tags: Pension Benefit Guaranty Corp., Pension Plan, Benefit Plan, Mellon, Benefits, Payroll Solutions, Human Resources

• 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...

  Tags: Pension Benefit Guaranty Corp., General Accounting Office, Pension, Benefits, Payroll Solutions, Human Resources

• Private Pensions: Revision of Defined Benefit Pension Plan Funding Rules Is an Essential Component of Comprehensive Pension Reform

  BNET - 2005-06-07

  This report discusses the recent report on the rules that govern the funding of defined benefit DB plans and the implications of those rules for the problems facing the Pension Benefit Guaranty Corporation PBGC and the DB pension system generally. In recent years, the PBGC has encountered serious financial difficulties....

  Tags: Pension Benefit Guaranty Corp., Defined Benefit Pension Plan, Pension, Benefits, Payroll Solutions, Human Resources

• 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...

  Tags: Pension Benefit Guaranty Corp., General Accounting Office, Pension, Benefit Plan, Benefits, Payroll Solutions, 401(k), Human Resources, Retirement Plans

• Pension Reform: Implications for Plan Sponsors and the Capital Markets

  BNET - 2005-04-06

  The tenuous financial position of the Pension Benefit Guaranty Corporation PBGC, the termination of some high-profile pension plans, and the expiration of temporary pension regulations at the end of this year have led to recent reform proposals in Washington. The paper reports that pension issues remain a company- and industry-specific...

  Tags: Capital Market, Pension Benefit Guaranty Corp., Pension, Payroll Solutions, Benefits, Human Resources

• Saving Private Pension Insurance: An Evaluation of Current Proposals to Shore Up the PBGC

  BNET - 2005-04-01

  PBGC is not a system of private insurance, rather it is in large part a system of social insurance and it has been the approach to date that profitable firms that sponsor DB pensions subsidize firms with weaker prospects. Yet federal sponsorship of this particular social insurance program is unique...

  Tags: Pension Benefit Guaranty Corp., Watson Wyatt Worldwide, Pension, Insurance, Financial Planning, Payroll Solutions, Business Operations, Corporate Insurance, Finance