PBGC Insurance Funds Well-Funded for Years to Come
The Pension Benefit Guaranty Corporation’s projection shows both pension insurance funds are in great shape financially.
Regulation
PBGC FAQ Speaks to Bond Qualifications for SFA Investing
SFA recipients must invest at least two-thirds of their grant in investment-grade fixed income assets.
PBGC Issues $1.5B to Struggling Musicians’ Pension
The grant is among the largest the PBGC has made.
Benefits Lawyer Nominated to Lead PBGC
President Biden has put forward Deva Kyle to be the next director of the Pension Benefit Guaranty Corporation.
Kansas Construction Pension Fund Receives $43.1M PBGC Grant
The funding will keep the plan solvent through 2051.
How the Supreme Court’s Chevron Reversal Impacts Institutional Investing
Courts are no longer required to defer to interpretations of law offered by executive agencies that regulate defined benefit and contribution savings.
Industry Feedback on the IB 95-1 Report
The report does hint at where future DOL priorities might be on PRTs.
Supreme Court Rules SEC In-House Judge Process Is Unconstitutional
Decision upholds defendants’ rights to a jury trial when civil penalties are imposed.
Bob McCormick to be Council of Institutional Investors’ New Leader
McCormick will be replacing outgoing director, Amy Borrus.
No Recommendations Yet From the Labor Department on PRT Provider Selection
The department published its overdue report on the rules for selecting an annuity provider, but put off making any changes.
PBGC Rescues 5 Multiemployer Pension Funds Covering 200,000 Workers and Retirees
The grants totaled nearly $6 billion in value.
IRS Announces Intent to Close Basis-Shifting Tax Loopholes
The IRS and Treasury say the changes could raise about $50 billion over 10 years.
Construction Pension With 666 Participants Rescued by PBGC
The Arizona Bricklayer’s pension will now remain solvent through 2051.
PBGC Rescues Two Pensions Covering 25,000 People
The SFA funds used to restore the plans total more than $500M.
House Republicans Characterize ESG as an Anti-Trust Cartel
ESG skeptics allege that the investing strategy is a conspiracy to reduce fossil fuel production.