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
pension benefit guaranty corp. and surplus - All News and Analysis
Late News.(industry briefs)(Statistical Data Included)
- 2002-07-08
PBGC surplus declining The Pension Benefit Guaranty Corp., whose surplus had grown so large that benefit lobbying groups said it was time for Congress to lower premiums that employers pay the agency, now is seeing that surplus dwindle amid big pen PBGC surplus...
Taking on liabilities: Steel woes could bite PBGC; Agency's $7.7 billion surplus could be cut in half as president refuses to waive firms' pension obligations.
- 2002-03-18
WASHINGTON - President Bush's refusal to relieve the financially troubled steel industry of huge pension obligations could result in more than half of the Pension Benefit Guaranty Corp.'s $7.7 billion surplus being slashed. The Bush administration WASHINGTON - President Bush's refusal to relieve...
PBGC surplus is declining; Future large claims promise further hits.(United States Pension Benefit Guaranty Corp.)(Brief Article)(Statistical Data Included)
- 2002-03-04
WASHINGTON-Reversing a multiyear trend, the Pension Benefit Guaranty Corp.'s surplus declined substantially last year as the agency was hit with losses from several underfunded pension plans it took over. In fiscal 2001, the PBGC's surplus fell to WASHINGTON-Reversing a multiyear trend, the Pension...
PBGC terms too rigid or reasonable?;Keeping a Prudent Course.(Brief Article)
- 2000-05-15
Pensions & Investments' April 17 editorial sees the current surplus of the Pension Benefit Guaranty Corp. as a signal to cut premiums. But that view has serious flaws. It presumes today's near-perfect economic conditions will never go away. And i Pensions & Investments' April 17 editorial...
PBGC's cushion grows 40% in 1999.
- 2000-03-27
WASHINGTON -- Helped by a strong economy, higher interest rates and no terminations of big underfunded pension plans, the Pension Benefit Guaranty Corp.'s surplus continues to swell. The PBGC's surplus -- the difference between assets it holds and WASHINGTON -- Helped by a...
KEEP THE PBGC'S CUSHION WHEN IS ENOUGH ENOUGH?(Pension Benefit Guaranty Corporation has $5 billion cushion)
- 1999-04-05
That question was raised last year when the Pension Benefit Guaranty Corp. reported that its surplus had grown fourfold from 1996 to 1997, to a record $3.48 billion. The question is certain to be asked again this year by employers, benefit lobbyin That...
PBGC SURPLUS SETS RECORD OF $5 BILLION.
- 1999-03-29
WASHINGTON-Aided once again by a booming economy, strong investment returns and no terminations of big, underfunded pension plans, the Pension Benefit Guaranty Corp.'s surplus now is a record $5 billion. The PBGC's surplus-the difference between a WASHINGTON-Aided once again by a booming economy,...
PBGC's surplus soars. (Pension Benefit Guaranty Corp's 1997 surplus)
- 1998-03-23
Agency's surplus quadruples, but premium cuts called premature WASHINGTON - Buoyed by robust investment returns, a strong economy and no terminations of big, underfunded pension plans, the Pension Benefit Guaranty Corp.'s surplus in 1997 quadrupled. TAgency's surplus quadruples, but premium cuts called premature WASHINGTON -...
Don't disturb PBGC nest egg. (Pension Benefit Guaranty Corp)
- 1998-03-23
Is two years of surpluses enough to warrant a reduction in the premiums the Pension Benefit Guaranty Corp. charges employers? That question is bound to be asked in the wake of the PBGC's latest financial report, which shows that the pension agency's sIs two years of...
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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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