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
-
Congress wants Delphi pension situation to be 'fixed'
-
Pension Benefit Guaranty Corporation PBGC Selects Siteworx for Web site Evaluation and User Experience Enhancements
-
Blue Wolf Exec to Head U.S. Pension Agency
-
Hayes Lemmerz strikes deal with PBGC, retirees
-
Delphi retirees head to D.C.: Group will have hearing on lost benefits before Senate committee
-
The PBGC strikes again
-
NC's Hanesbrands boosts pension plan guarantees
-
BRIEF-U.S. pension agency reaches $13.8 mln agreement with Hanesbrands
-
Suit filed by ex-Delphi salaried group
-
Time for true pension reform Politico
News & Analysis
Filter by
pension benefit guaranty corp. and u.s. senate - All News and Analysis
Airlines put pressure on Senate over pension bill
- 2006-08-03
Four big airlines with ailing employee pension plans continue to exert powerful political pressure on the U.S. Senate as it considers legislation to reform the nation's retirement system. As a result, enactment of a sweeping reform bill months in the making depends to a great extent on the outcome...
Pension reform bill faces tough talks; Proposals differ on key issues.(News)
- 2006-02-27
Byline: JERRY GEISEL WASHINGTON-A congressional conference committee will soon begin attempting to fashion a compromise pension funding reform measure that could, if enacted, be the most significant pension legislation passed in the last three dec Byline: JERRY GEISEL WASHINGTON-A congressional...
Late News; Senate approves PBGC premium hike.(Pension Benefit Guaranty Corp)
- 2005-12-26
The Senate has approved a deficit reduction bill that includes a provision that would increase the premiums employers with defined benefit pension plans must pay to the Pension Benefit Guaranty Corp. S. 1932-which passed by a 51-to-50 vote last week- The Senate has approved a deficit...
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:...
Pension reform bill clears Senate hurdle, but struggle looms; Senate, House compromise key.
- 2005-11-21
Byline: JERRY GEISEL WASHINGTON-The stage is set for a congressional battle over pension reform legislation following Senate passage last week of its reform bill. The outcome of that battle, to be waged by a conference committee that will hamme Byline:...
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...
Senate approves pension overhaul plan
- 2005-11-17
WASHINGTON -- Hoping to reverse the deterioration of pension plans covering 44 million Americans, the Senate voted Wednesday to force companies to make up underfunding estimated at $450 billion and live up to promises made to employees. The action came a day after the federal agency that insures...
Pension reform effort gaining momentum.(News)
- 2005-11-14
Byline: JERRY GEISEL WASHINGTON-Passage of long-stalled comprehensive pension funding reform legislation by a House of Representatives tax committee last week sets the stage for action by the full House, and a roadblock holding up Senate considera Byline: JERRY GEISEL WASHINGTON-Passage...
Congress fiddles with pension reform bill while PBGC burns; Legislation unlikely to pass even though agency's deficit is seen as worsening.(News)(Pension Benefit Guaranty Corp)
- 2005-11-14
Byline: Vineeta Anand WASHINGTON - Days before the PBGC is expected to announce a worsening of its financial condition, two senators agreed to allow the huge pension bill they had been holding hostage since early October to proceed to the full Sen Byline:...
Late News; Senate approves hike in PBGC premiums.(Pension Benefit Guaranty Corp.)
- 2005-11-07
The Senate last week approved a measure-part of a broader budget bill-that would increase to $46.75 from $19 per plan participant the annual PBGC premium paid by employers with defined benefit plans. In addition, the bill calls for imposing a hefty n The Senate last week...
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
-
Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
-
Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
-
Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
-
American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
-
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 | |
IndustryTop Rated
- As Income Mobility Falls, American Dream Fades 7 votes
- Creative Destruction and the new Money Trust 6 votes
- Civil Rights Group Teams With Wells Fargo Despite Charges of Predatory Lending 4 votes
- Geithner Deal With Wall Street Over AIG Swaps Cost Taxpayers $13 Billion 4 votes
- Analyst: Banking Industry Risks "Implosion" 3 votes
