Senate, House Far Apart on DOL Budget
The two appropriation bills are about $4 billion apart in terms of discretionary funding for the department.
Tag: Pension Benefit Guaranty Corporation (PBGC)
PBGC Issues FAQ on Acceptable SFA Investments
Permissible return seeking assets are normally SEC-registered common stock, and investment grade fixed income includes investment-grade bonds and US treasuries.
Ownership Structure, Investment Strategies of Annuities Concern Sponsors, ERISA Council Says
The ERISA Advisory Council discussed emerging trends in the annuities market, as well as concerns expressed by sponsors and other...
Manufacturing, Transportation, Retail Pension Funds Receive PBGC Bailouts
Special Financial Assistance funds were granted to three struggling pension plans by the PBGC on July 11.
PBGC Modifies Benefit Payment Regulations for Terminated Single-Employer Plans
The final rule clarifies lump sum payments, de minimis amounts and payments to estates.
Benefits |
PBGC Grants More Than $2 Billion to PACE and National Integrated Group Pensions
Three smaller plans also received SFA assistance.
PBGC Publishes Q3 Liability, Discount Rates
Interest rates assessed to late payments and discount rates have been adjusted for Q3, the PBGC announced Wednesday.
Senate HELP Committee Asks DOL to Focus on 6 SECURE 2.0 Provisions
Areas including emergency savings and employee ownership were identified as 2024 brings more SECURE 2.0 regulatory deadlines.
Teamsters Local 966 Receives $8 Million in PBGC Supplemental Assistance
The New Jersey-based plan’s total aid from the PBGC now exceeds $60 million.
PBGC Grants More Than $600 Million to 3 Struggling Pension Funds
The pensions are in the service, transportation and manufacturing industries.
Bakery Driver, Newspaper Guild Plans Receive SFA Funds
The PBGC provided SFA assets to two soon-to-be-insolvent pensions, one from New Jersey and one in Pennsylvania.
DOL Offers Guidance for Multiemployer Plans
Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
PBGC Provides More Than $400 Million in Supplemental Funding to New York Teamsters
The NYS Teamsters Conference Plan has now received approximately $1.4 billion in total. The PBGC also provided supplemental relief to...
Transportation, Sheet Metal, Service and Manufacturer Pensions Receive PBGC Assistance
Multiemployer pension plans from Baltimore, New York, Puerto Rico and Ohio received a total of $26.7 million of additional assistance.
Benefits |
Delphi Pension Restoration Bill is Reintroduced
Bipartisan measure would restore pensions to more than 20,000 retirees and provide back pay for benefits that were cut.
1 New York, 2 Michigan Pension Plans Receive PBGC Assistance
The three supplemental SFA packages provide a total of more than $200 million.
Ironworker and Plasterer Pension Funds Receive SFA Assistance From PBGC
The two construction pension plans will receive more than $70 million in combined funds.
Special Financial Assistance Provided to 2 Additional Union Pensions
The two union pensions, one in transportation and the other in graphic communications, will receive more than $100 million in...
ESOP Plan Faces Retirement Records Lawsuit
When a former worker at medical technology company BD sought distribution of his vested and accrued retirement assets, the firm...
Plan Sponsors That Like Saving Money Get Good News on Variable-Rate Premiums
If SECURE 2.0 passes, PBGC would stop increasing the rate.