Despite All Efforts, Delphi Plans Go to PBGC
July 22, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it will assume responsibility for the pension plans...
Tag: PBGC
PBGC Takes Pension for Bankrupt Telecom Company
July 17, 2009 (PLANSPONSOR.com) - The nation's private-sector pension insurer has taken over the pension plan for 23,000 workers and...
PBGC Takes Plans from Defunct VA Textile Firm
June 22, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the pensions of more than...
PBGC Takes Lehman Brothers Pension Plan
June 19, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) today announced it has assumed responsibility for the pension...
PBGC Takes on Fortunoff Cash Balance Plan
June 17, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it has assumed responsibility for the cash balance...
PBGC Takes New York Hospital Plan
June 11, 2009 (PLANSPONSOR.com) - The nation's private-sector pension insurer has taken over a plan covering more than 830 current...
PBGC Goes After Snack Food Co. for 'Unlawful' Investments
June 11, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has asked to intervene in a suit by participants...
Chrysler Pension Plans to Continue Under New Company
June 10, 2009 (PLANSPONSOR.com) - In a sale that became final on June 10, the bulk of the assets of...
PBGC Takes Ohio Manufacturer's Plan
June 10, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has taken over the underfunded pension plan covering about...
One Delphi Plan Goes to GM, One to PBGC
June 4, 2009 (PLANSPONSOR.com) - Bankrupt auto-parts maker Delphi Corp. announced that General Motors will take over its hourly pension...
Solis Asks PBGC to Halt New Investment Strategy
May 29, 2009 (PLANSPONSOR.com) - Secretary of Labor Hilda Solis, chairwoman of the Pension Benefit Guaranty Corporation (PBGC), has urged...
PBGC Seizes Circuit City Pension Program
May 28, 2009 (PLANSPONSOR.com) - Faced with an abandonment by the now-defunct electronics retailer Circuit City, the nation's private-sector pension...
PBGC Takes over Auto Parts Maker's Plan
May 26, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it will take responsibility for the underfunded pension...
PBGC Future Depends on What Happens to DB Plans
May 20, 2009 (PLANSPONSOR.com) - "The major future issue for PBGC is what happens to defined benefit plans."
Senate Committee Weighs in on PBGC
May 20, 2009 (PLANSPONSOR.com) - As the current economic downturn weighs on the nation's pension plans, a Senate Committee plans...
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...
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...