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
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pension benefit guaranty corp. and stock - All News and Analysis
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...
What's My Pension Safety Net?(Pension Benefit Guaranty Corp. will provide the pensions after taking over the company if it is not able to provide pensions)
- 2005-07-01
Byline: Kimberly Lankford, Kiplinger Washington Editors With the news of United Airlines' default on its pension plan, what protection will workers have if companies don't follow through on their promises? -- W.C.L., New York City When...
Brazil has highest funded ratio; dips found elsewhere.(Briefs)(Employee Pension Preservation Act)(ING Clarion Partners in group buying Gables REIT)(United Airlines introduces employee benefit plans)(National City Corp.)
- 2005-06-13
NEW YORK - Global pension plans had mixed results in the first quarter, with funded ratios declining in the U.S., Canada, Australia and the euro zone but improving or holding steady in the United Kingdom, Brazil and Japan, according to a new report f NEW YORK...
The Looming Retirement Disaster; The three-legged stool is broken. Social Security is a political nightmare, pension funds are disappearing, and private savings ... what private savings? We take a look at how we got into this mess, and how we can fix it.
- 2005-04-18
Byline: Gregory Crawford and Vineeta Anand Memo to President Bush and Congress: It's a retirement crisis, not merely a Social Security crisis. All three legs of the stool on which America's workers are expected to rely for retirement - Social Se ...
Stock market returns lift DB pension plans
- 2004-03-01
One fact has been lost amid the hand-wringing over the Pension Benefit Guaranty Corporation's PBGC $11.2 billion deficit: Defined benefit pension plans actually seem to be doing better than they have since the mid-1990s economic boom. One fact has been lost amid the hand-wringing over the Pension Benefit Guaranty...
No help: Benchmark proposal earns harsh criticism; Bush administration not addressing flaws of pension system, critics say.(News)
- 2003-07-21
Byline: Vineeta Anand WASHINGTON - Some academics, financial economists and actuaries are slamming the Bush administration's proposal to replace the 30-year Treasury with an index of high-grade corporate bonds as the benchmark for calculating pens Byline: Vineeta Anand WASHINGTON -...
Drop in Investment Returns Make Corporations Contribute More to Pension Funds.
- 2002-07-29
By Jim Fuquay, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Jul. 29--General Motors' $2.2 billion contribution to its employee pension plan this month could be a harbinger as employers scramble to make up losses from the stock market. ...
Is Pension Plan Flush Enough?
BNET
- 2002-07-26
Plunging stock price spawn worries that retirement plans are under funded. For years, corporations have sat on over funded pension funds thanks to stock prices that rose much more than actuaries had predicted. Now after more than two years of plummeting stock prices, companies are starting to worry that their...
A look at 10 who commanded attention. (top newsmakers in business insurance for 1997)
- 1997-12-22
1997 TOP NEWSMAKERS With the International Brotherhood of Teamsters winning what many called the most significant organized labor victory in years, union President Ron Carey should be ending 1997 as one of the country's most powerful labor leaders. I1997 TOP NEWSMAKERS With the International...
Credit pact among last details facing LTV. (LTV Corp.)
- 1993-05-31
NEW YORK -- Nothing in LTV Corp.'s nearly 7-year-old bankruptcy case has been simple. And that includes ending it. Before the Cleveland steelmaker finally can emerge from Chapter 11 bankruptcy protection, it must nail down a few details of its plan of NEW YORK -- Nothing in...
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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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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
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American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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