Acting PBGC Head Recommends Dumping Money Mgmt. Contracts
May 20, 2009 (PLANSPONSOR.com) - Vince Snowbarger, acting director of the Pension Benefit Guaranty Corporation, has recommended three controversial contracts...
Tag: Pension Benefit Guaranty Corporation (PBGC)
Millard Invokes Fifth Amendment Rights at Senate Hearing
May 20, 2009 (PLANSPONSOR.com) - Charles E.F. Millard, the former head of the nation's private pension plan insurer, refused to...
PBGC Funding Gap Ballooning as Plan Terminations Increase
May 20, 2009 (PLANSPONSOR.com) - The budget deficit of the nation's private-sector pension insurer ballooned to $33.5 billion for the...
PBGC Seizes Lenox Pension Plans
May 19, 2009 (PLANSPONSOR.com) - The nation's private-sector pension insurer has taken responsibility for two pension plans covering about 4,300...
PBGC to Takeover Foamex Pension Plan
May 18, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it will take responsibility for the underfunded pension...
PBGC, LandAmerica Work out Deal to Preserve Cash Balance Plan
May 15, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) and LandAmerica Financial Group Inc. of Glen Allen, Virginia,...
Former PBGC Head Draws Scrutiny
May 14, 2009 (PLANSPONSOR.com) - The former head of the nation's private pension plan insurer is drawing fire over his...
PBGC, Health System Reach Agreement to Preserve Pensions
May 13, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced an agreement that will preserve a pension plan...
PBGC Seizes Plan from Bankrupt Va. Firm
May 11, 2009 (PLANSPONSOR.com) - The nation's private-sector pension insurer has moved to assume responsibility for the underfunded pension plan...
PBGC, Lehman Strike Deal on Pensions
May 8, 2009 (PLANSPONSOR.com) - Lehman Brothers has apparently worked things out with the nation's private pension plan insurer.
PBGC Offers Reassurance about Chrysler Bankruptcy
April 30, 2009 (PLANSPONSOR.com) - Vince Snowbarger, acting director of the Pension Benefit Guaranty Corporation, said Chrysler's entry into Chapter...
PBGC Takes NY Health Center Pension Plan
April 30, 2009 (PLANSPONSOR.com) - The nation's private pension insurer said Thursday it has taken over a pension plan covering...
PBGC Strikes Deal with Daimler
April 27, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has announced a term sheet agreement with Daimler AG...
PBGC Takes Mich. Firm Pension Plan
March 27, 2009 (PLANSPONSOR.com) - The nation's private-sector pension insurer has taken over the pension plan sponsored by Patton Corp.,...
PBGC Takes over Plans of Car Parts Maker
March 13, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it will assume responsibility for four pension plans...
PBGC Updates Reporting Rule
March 13, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) said Friday it will publish a final rule that...
PBGC Takes Over Madoff Victim Pension Fund
March 10, 2009 (PLANSPONSOR.com) - The nation's private pension insurer on Tuesday took over the pension plan covering 88 former...
PBGC Announces no Automatic Waiver of Missed Contribution Notice
February 20, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it is not granting an automatic waiver for...
Plan Sponsors Must Notify PBGC of Crippling Madoff Losses
February 6, 2009 (PLANSPONSOR.com) - In light of the widespread pension investment losses linked to the Bernard Madoff Ponzi scheme,...
Court Hears Arguments on PBGC Plan Termination Fees
January 30, 2009 (PLANSPONSOR.com) - U.S. federal judges on Thursday heard arguments whether companies that emerge from bankruptcy must pay...