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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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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Pilots Sue to Drop PBGC as US Airways Pension Plan Trustee
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Time for true pension reform Politico
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Catapult Technology wins $1.4 million contract from PBGC
News & Analysis
Filter by
pension benefit guaranty corp. and u.s. department of labor - All News and Analysis
The Pension Answer Book, 2006 ed
- 2006-05-01
073555353X The pension answer book, 2006 ed. Krass, Stephen J. Aspen Publishers, Inc. 2006 $210.00 Hardcover KF3512 Utilizing a question and answer format, the authors (of the New York City law firm Krass, Snow & Schmutter, P.C.) present a single-volume reference work...
You can check your pension's health
- 2005-07-22
If you work for United Airlines, you don't need to be told that your pension is in trouble. Earlier this year, the airline said it was defaulting on its pension, resulting in benefits cuts for thousands of workers. But what if you work for another troubled company? How can you...
Labor Grant to UT to Help Trade-Impacted Workers Pay for Health Insurance; Chao Announces Grant to Help Workers Pay Premiums
- 2003-06-20
WASHINGTON, June 20 /U.S. Newswire/ -- U.S. Secretary of Labor Elaine L. Chao today announced a National Emergency Grant of over $700,000 that will provide temporary health coverage for over 900 eligible Utah recipients under the Trade Adjustment Reform Act of 2002, and for certain individuals who receive pension benefit...
Labor Grant to MD to Help Trade-Impacted Workers Pay for Health Insurance; Chao Announces $5.6M to Help Workers Pay Premiums
- 2003-06-05
WASHINGTON, June 5 /U.S. Newswire/ -- U.S. Secretary of Labor Elaine L. Chao today announced a National Emergency Grant of over $5.6 million that will provide temporary health coverage for an estimated 5,100 eligible Maryland recipients under the Trade Adjustment Reform Act of 2002 and certain individuals who receive pension...
Labor Grant To NJ Will Help Trade-Impacted Workers Pay For Health Insurance; Chao Announces $1.9M to Help Workers Pay Premiums
- 2003-06-05
WASHINGTON, June 5 /U.S. Newswire/ -- U.S. Secretary of Labor Elaine L. Chao today announced a National Emergency Grant of over $1.9 million that will provide temporary health coverage for eligible New Jersey recipients under the Trade Adjustment Reform Act of 2002 and certain individuals who receive pension benefit payments...
New Labor Grant to Montana Will Help Trade-Impacted Workers Pay for Health Insurance
- 2003-05-29
WASHINGTON, May 29 /U.S. Newswire/ -- U.S. Secretary of Labor Elaine L. Chao today announced a National Emergency Grant of over $266,923 that will pay 65 percent of qualified health insurance premiums for an estimated 170 Montana workers eligible for assistance under the Trade Adjustment Reform Act of 2002 and...
Judgment tops $1.1 million in Wiretex pension case.(Brief Article)
- 2001-05-07
A $1,127,263.90 default judgment was entered recently in the U.S. District Court for the District of Connecticut against Wiretex Manufacturing Company Inc. and Robert and Emil Garofalo as officers and sole shareholders of Wiretex. The judgment re A $1,127,263.90 default judgment was...
DOL probes annuities in terminations. (Department of Labor)
- 1991-06-03
The federal government is taking a closer look at transactions in which employers terminate a defined benefit plan with one insurance company and buy cheaper annuities for their employees from another. The Department of Labor is currently investiga The federal government is taking a...
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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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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
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MBIA Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about MBI
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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