Tag: Pension Benefit Guaranty Corporation (PBGC)

The regional plan, based in New Jersey, has more than 4,000 participants in food service.

The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.

The Biden administration has not yet nominated a full director.

The recommendations include: lower PBGC fees costs and allowing DC to DB transfers.

The Pension Benefit Guaranty Corporation is seeking damages from a construction company after the PBGC took over its terminated pension...

The two local plans received SFA grants to protect their solvency through 2051.

The multiemployer plan was overpaid $127 million for the accidental inclusion of about 3,500 dead participants in their grant application.

Federal agencies are seeking advice on how to improve the reporting and disclosure system for retirement plans governed by ERISA.

Central States is currently working with the DOJ to negotiate the repayment of a $127 million overpayment from the PBGC.

2024 has already seen significant activity, with Shell and Verizon both conducting large pension risk transfers in the last few...

With the PBGC director at a subcommittee hearing, House Republicans indicated the PBGC should lower premiums for its single-employer insurance...

Central States was granted $127 million that it was not entitled to because the PBGC counted over 3,000 deceased participants...

The Sheltering Arms organization shut down in 2023, and the PBGC seeks to become its defined benefit plan’s statutory trustee.

According to the fund, an error occurred due to its lack of access to more comprehensive data on deaths.

Improvement is primarily due to SFA grants and asset performance, Milliman finds.

The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...

The construction pension fund was 30.25% funded at the end of 2022.

Federal agencies are looking for comments on how to make overall improvements to the current disclosure and reporting system. 

The PBGC is accepting nominations until February 16 for a member to represent the general public.

The Department of Labor keeps working to implement provisions of 2022’s SECURE 2.0 Act alongside further rules for retirement and...