Tag: Pension Benefit Guaranty Corporation (PBGC)

“The Pension and Budget Integrity Act simply moves these premiums ‘off-budget,’ and ensures that Congress is raising premiums only if...

A federal district court found private equity funds that owned a bankrupt company are responsible for that company’s multiemployer pension...

In a report to Congress, the agency says the program will likely run out of money by 2025.

The final rules modify waivers and information requirements to better balance the burden of reporting with PBGC’s need for information,...

The PBGC and Sears have reached an agreement on financial protection for approximately 200,000 Sears pension plan participants and beneficiaries. 

The Pension Benefit Guaranty Corporation will pay retirement benefits for more than 21,000 current and future retirees of the Great...

The Pension Benefit Guaranty Corporation announced an agreement that restores two pension plans to The Renco Group Inc., a private...

Client poll results shared by investment consulting firm NEPC show significant and increasing concern with the decisionmaking coming out of...

Insurance companies reported selling more than 300 separate pension risk transfer contracts under $100 million during 2015.

The final rule includes minor changes to an interim final rule issued last year in response to public comments.

On September 11, 2015, PBGC published a final rule that made significant changes to the prior regulation about reportable events.

However, a bankruptcy court judge has granted Walter Energy’s request to terminate retiree benefits for union workers.

The agency will post a notice about what's new for practitioners in January.

What happens when premium increases break the current system?

The agency issued a new table for determining expected retirement ages for participants in pension plans undergoing distress or involuntary...

The situation looks especially dire for multiemployer pension plans, the ratings agency says.

One career actuary tells PLANSPONSOR pension plan clients have voiced a range of strong emotions—even a sense of betrayal—after yet...

The multiemployer program deficit is $52 billion, and the single-employer program deficit is $24 billion.

The Bipartisan Budget Act of 2015 includes a repeal of an ACA provision and extension of pension funding relief, among...

It’s happened before and it will happen again—a hike in PBGC premiums and shifting SOA mortality projections have materially raised...