BNET Industries

Pension Benefit Guaranty Corp.

is in the Financial Services Industry

  • 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

www.pbgc.gov/

(202) 326-4400

NAICS Code Pension Funds: 525110

Recent Events

  • Blue Wolf Exec to Head U.S. Pension Agency

    11/10/09 - Mgmt. Change Entering - Director - View Story

  • Hayes Lemmerz strikes deal with PBGC, retirees

    10/30/09 - Joint Venture / Alliance - View Story

  • Delphi retirees head to D.C.: Group will have hearing on lost benefits before Senate committee

    10/28/09 - Lawsuit Filed - View Story

  • The PBGC strikes again

    10/11/09 - Lawsuit Filed - View Story

  • NC's Hanesbrands boosts pension plan guarantees

    9/30/09 - Joint Venture / Alliance - View Story

  • BRIEF-U.S. pension agency reaches $13.8 mln agreement with Hanesbrands

    9/24/09 - Joint Venture / Alliance - View Story

  • Suit filed by ex-Delphi salaried group

    9/18/09 - Lawsuit Filed - View Story

  • Pilots Sue to Drop PBGC as US Airways Pension Plan Trustee

    9/04/09 - Lawsuit Filed - View Story

  • Time for true pension reform Politico

    7/29/09 - Mgmt. Change Leaving - Director - View Story

News & Analysis

pension benefit guaranty corp. and termination - All News and Analysis

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