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 tax - All News and Analysis
PBGC says legislation could worsen its financial woes.(Tax Watch)
- 2005-10-17
Byline: Mark Battersby The Pension Benefit Guaranty Corp., the federal agency that insures private pension plans, has concluded that its financial problems could get worse under House and Senate bills intended to strengthen the traditional pe Byline: Mark...
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...
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 ...
Milestones in U.S. benefits legislation from ERISA to the present.
- 1999-12-20
1974: Employee Retirement Income Security Act * Establishes participation, vesting and funding standards for pension plans. * Establishes the Pension Benefit Guaranty Corp. * Establishes fiduciary standards for pension plan sponsors. * Pre- 1974: Employee Retirement...
bills will provide a blueprint for whatever goes into the final.(tax legislation related to pension funds)
- 1999-07-26
WASHINGTON -- The nation's budget surplus has ended Congress' money-grabbing raids on the pension system. That's the message from the inclusion of a slew of pension provisions in tax legislation crafted by the House and Senate ...
STRAUSS PUSHING DB PLANS: PBGC DIRECTOR'S WISH LIST INCLUDES RAISING SALARY LIMIT AND DOUBLING ALLOWABLE PENSION, BUT HAS SOME STRINGS.
- 1999-01-25
WASHINGTON -- PBGC Executive Director David M. Strauss is trying to muster White House support for a raft of ideas aimed at reviving traditional defined benefit pension plans. Sources say at least some of the trial balloons Mr. Strauss has floated WASHINGTON --...
Proposed PBGC reporting regulations threaten confidentiality of tax returns - US Pension Benefit Guaranty Corporation - Tax Executives Institute IRS Administrative Affairs Committee
- 1996-01-01
On November 30, 1995, Tax Executives Institute submitted the following comments to James J. Keightley, General Counsel of the Pension Benefit Guaranty Corporation, relating to the annual financial and actuarial reporting requirements imposed under section 4010 of the Employee Retirement Income Security Act of 1974 ERISA. The comments were prepared...
Following years of change, Congress quiet on benefits.
- 1991-04-29
Following Years Of Change, Congress Quiet On Benefits After years of changing pension and employee benefit rules annually as part of the budget ritual, Congress seems less inclined to make legislative changes in benefits this year, for a variety of rFollowing Years Of Change, Congress...
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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
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| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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