Tag: Pension Benefit Guaranty Corporation

The Newspaper Drivers Local 473 Plan will receive funding under the federal Special Financial Assistance Program.

Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company...

Lowering premiums might spur some organizations to consider offering a defined benefit plan, which could be an additional form of...

The refund is the second such settlement related to overpayment of Special Financial Assistance due to the inclusion of deceased...

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

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

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

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

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

A schedule to help plan sponsors track important due dates for their plans.

The majority of plan sponsors with the goal of mitigating pension plan risks are looking to fully divest their company’s...

Special Financial Assistance funds were granted to three struggling pension plans by the PBGC on July 11.

Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.

Bipartisan measure would restore pensions to more than 20,000 retirees and provide back pay for benefits that were cut. 

When a former worker at medical technology company BD sought distribution of his vested and accrued retirement assets, the firm...

The plans combine to cover more than 10,000 participants, and their aggregate PBGC assistance adds up to more than $700...

A schedule to help plan sponsors track important due dates for their plan

The multiemployer plan will receive $35.8 billion in assistance, making it the largest bailout under the Special Financial Assistance program...

The Pension Benefit Guaranty Corporation proposal clarifies assumptions for determining an employer’s withdrawal liability.

The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...