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 worker - All News and Analysis
Create a pension backup plan: the benefits you've earned so far are safe, but future benefits could disappear. Are you prepared?(RETIREMENT INCOME)
- 2007-09-22
[ILLUSTRATION OMITTED] AFTER 22 YEARS WITH FORD MOTOR CO., HANK Neumayer is thankful that he is covered by his company's pension plan and hopes his job--and his benefits--will last for another eight years, when he'll qualify for early retirement. But he's not counting on...
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. ...
What will pension law do?
- 2006-08-05
WASHINGTON -- A 93-5 Senate vote passes major pension legislation onto President Bush for his expected signature. Young workers, Wall Street, a couple of airlines and U.S. taxpayers could come out as winners in the pension changes. Some older employees, as well as truck drivers and construction workers...
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...
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...
Ailing WPS pension fund taken over: PBGC becomes trustee of hourly and salaried worker accounts.(News)(Pension Benefit Guaranty Corporation)(Brief Article)
- 2005-09-05
WASHINGTON -- The Pension Benefit Guaranty Corporation PBGC has assumed responsibility for the pensions of 32,500 workers and retirees of bankrupt WestPoint Stevens. WASHINGTON -- The Pension Benefit Guaranty Corporation PBGC has assumed responsibility for the pensions of 32,500 workers and retirees...
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...
When pensions go bust
- 2005-07-01
When a judge recently agreed to let United Airlines renege on its pension promises to its workers, a new and cloudy day had dawned. A day of betrayal, to be followed by a long twilight of insecurity. For even as George W. Bush is trying to slash benefits that Social...
With pensions' status uncertain, United workers, retirees afraid
- 2005-06-22
For 39 years, Earl Potter has fixed airplanes for United Airlines. He rises at 4 a.m., arriving at Chicago's O'Hare International Airport by 6 a.m. to work in rain, biting cold or summer heat. Potter, who also has a pilot's license, has worked awful hours all these years...
Senate gets pension lesson
- 2005-06-08
WASHINGTON -- Sen. Jim Bunning is from a state perhaps best known as home to the horse industry, but Kentucky is also where 8,000 Delta Air Lines employees live, which helps explain why the Republican lawmaker was fuming on Tuesday. Why, he wanted to know, have Delta and...
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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