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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PBGC Takes Lehman Brothers Pension Plan
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Delphi Says Its Not Taking On Company Pension Plans
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Catapult Technology wins $1.4 million contract from PBGC
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Deficit at PBGC grows by $22.5 billion in 6 months
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PBGC, Lehman Strike Deal on Pensions
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Cleary Advises UAW on Labor Concession with Chrysler
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Sonnenschein's Rates for Auto Work Revealed
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PBGC Hires Strategic Partners For $2.5 Billion in Private Equity, Real Estate (December 22, 2008)
News & Analysis
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pension benefit guaranty corp. - All News and Analysis
The GM Pension Plan: A $100 Billion Problem Swept Under the Rug
BNET
- 2009-06-08
Five or so years ago, when General Motors was simply financially challenged rather than bankrupt, financial writers joked that GM was in truth a huge pension plan, funded by an automobile operation. It wasn't far off the mark: in 2004, each active worker was outnumbered by 2.5 GM retirees, and...
Pension agency downplays risks, GAO says
- 2008-08-18
WASHINGTON -- The federal agency charged with backstopping pension benefits for 44 million Americans has understated the risks of its new investment policy, a congressional watchdog said. The Government Accountability Office said in a report released today that the Pension Benefit Guaranty Corp.'s new strategy could significantly boost...
New rules put spotlight on pension funding liabilities
- 2008-05-01
Rules proposed by the federal Internal Revenue Service and the Pension Benefit Guaranty Corp. are designed to safeguard multiemployer pension plans.
Company Watch - Delta Air Lines
- 2008-03-10
Mar 10, 2008 Delta Air Lines flew 8.47 billion system RPMs in February, a 6.7% increase over the year-ago month. Capacity rose 5.6% to 11.31 billion ASMs and load factor was up 0.8 point to 74.9%. Mar 7, 2008 Delta's international capacity increased from 20% in 2005 to...
Company Watch - Northwest Airlines
- 2008-03-10
Mar 10, 2008 Delta Air Lines and Northwest Airlines pilots have resumed negotiations over how to merge contracts and seniority during a potential merger, according to media reports. It is unclear if pilot leaders have made any progress during the informal meetings. Previous talks ended about two weeks ago....
Delta shareholder wants say in Northwest merger talks
- 2008-03-08
The Pension Benefit Guaranty Corp., Delta Air Lines Inc.'s second- largest shareholder, wants a role in the carrier's merger talks with Northwest Airlines Corp. to safeguard retirement benefits of more than 160,000 workers. The airlines' pensions lack enough assets to pay promised benefits and would be underfunded by...
Keller Enters into a Settlement Agreement with the Pension Benefit Guaranty Corporation in Connection with Termination of Pension Plan
- 2007-12-21
LOUISVILLE, Ky. -- The Keller Manufacturing Company, Inc., an Indiana corporation ("Keller") (Pink Sheets: KMFI), announced today that it has entered into a settlement agreement with the Pension Benefit Guaranty Corporation ("PBGC") in connection with the termination of The Keller Manufacturing Company, Inc. Employees' Pension Plan (the "Plan"). Keller had...
Pension Benefit Guaranty Corporation Addresses Offline Tape Liability with Index Engines Enterprise eDiscovery Platform
- 2007-12-04
Leading Pension Benefits Company Selects Index Engines to Deliver Rapid Access to Content on 45,000 Offline Tapes to Support Discovery Search Requests
ATS Corporation Awarded Pension Benefit Guaranty Corporation PAMT Contract Valued at $16.5 Million
- 2007-10-04
MCLEAN, Va. -- ATS Corporation ("ATSC" or the "Company") (OTCBB:ATCT.OB), today announced that it has been awarded the Pension Benefit Guaranty Corporation Participant Applications Maintenance Team ("PAMT") Contract. The BPA contract award has a five year period of performance including the base year and four option years with an initial...
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...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Sherray Gibson | Senior Administrative Assistant |
| 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. F4Q09 (Qtr End 04/30/09) Earnings Call Transcript
on Jun 29, 2009about HRB
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Paychex F4Q09 (Qtr End 5/31/09) Earnings Call Transcript
on Jun 25, 2009about PAYX
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Discover Financial Services Q2 2009 Earnings Call Transcript
on Jun 18, 2009about DFS
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VeriFone Holdings Inc. F2Q09 (Qtr End 04/30/09) Earnings Call Transcript
on Jun 02, 2009about PAY
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Provident Financial Services, Inc. Q1 2009 Earnings Call Transcript
on May 27, 2009about PFS
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
IndustryTop Rated
