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 u.s. congress - All News and Analysis
Congress likely to kill PBGC bailout - again; Bush budget renews call for retirement savings accounts.(Washington)
- 2007-02-19
Byline: Doug Halonen WASHINGTON - President Bush's proposed bailout legislation for the Pension Benefit Guaranty Corp. is likely to sink in Congress, industry lobbyists said. The proposal, included in the president's fiscal 2008 budget, is aime Byline: Doug Halonen ...
Congress approves pension reform bill; Provisions set out funding rules; cash balance plans gain shield.(News)
- 2006-08-07
Byline: JERRY GEISEL WASHINGTON-Sweeping pension reform legislation is on its way to President Bush for his signature. In a 93-5 vote last week, the Senate gave its approval to a measure, H.R. 4, that cleared the House late last month. ...
Paying for pensions
- 2006-08-05
Amid all the pre-election, end-of-session congressional debates over military spending, minimum-wage increases and offshore drilling, Congress also dealt with the matter of pension reform. That sounds like a yawner, but this issue is perhaps the most important one Congress will deal with in this and coming sessions. ...
On the runway; America's corporate pensions.
- 2006-07-22
At last, pension reform is in the works PERSUASION is often a subtle art, but not always. On July 18th hundreds of employees of Northwest Airlines descended on Washington, DC, to urge Congress to hurry up and pass a bill on company pension schemes--with...
On the Importance of the Plumber: The Intersection of Theory and Practice in Policymaking for Federal Financial Institutions/Commentary
- 2006-07-01
The federal government's role as lender and insurer is very important, with over $1.4 trillion of loans and guarantees and at least $7 trillion of insured risk. Tens of millions of Americans benefit from housing loans, student loans, flood insurance, etc. Yet the federal financial institutions established to run these...
Delta seeks to terminate pensions
- 2006-06-17
ATLANTA -- Delta Air Lines Inc. will file a request Monday to terminate its pilots' pension plan, the company's chief executive said Friday. But the nation's third-largest carrier still holds out hope pension reform will save other employees' retirement plans. In a letter to U.S. Sen. Johnny Isakson...
Late News; Congress OKs hike in PBGC premiums.(Pension Benefit Guaranty Corp)
- 2006-02-06
Federal lawmakers last week gave final approval to budget legislation that boosts by more than 50% the base premium rate charged by the Pension Benefit Guaranty Corp. and imposes a surcharge on employers terminating plans during bankruptcy. Under S. Federal lawmakers last week gave final...
Congress set to confer on big pension changes.(News)
- 2005-12-19
Byline: JERRY GEISEL WASHINGTON-Negotiators in the U.S. House of Representatives and Senate next month will try to hammer out a compromise on what is shaping up to be the most comprehensive pension reform measure in three decades. Last week, the Byline:...
Retirement planning is now a do-it-yourself job
- 2005-12-17
The traditional pension plan appears to be in danger of extinction.Once prevalent in corporate America, many companies have converted their defined pension plans into 401k savings plans while others, like bankrupt United Airlines, have turned them over to the federal government's Pension Benefit Guaranty Corporation, an entity Congress created in...
Congress must press ahead toward final pension bill.
- 2005-11-21
We applaud members of the U.S. Senate for their ability to compromise and overwhelmingly approve pension funding reform legislation last week. The 97-2 vote to approve the bill belies the difficulty Senate leaders faced in bringing the measure to We applaud members...
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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