Failed Plan Members May Receive Only Fraction of PBGC Minimum
PBGC says it would only be able to pay less than one-eighth the minimum benefit.
PBGC says it would only be able to pay less than one-eighth the minimum benefit.
Total amount paid remains the same as the number of retirees rises.
Retailer will use proceeds from two loans to provide funding.
Reports from Northern Trust, Mercer show continued improvement.
LDI, pension risk transfers “likely” to increase as new tables, premiums take hold, experts say.
Single-employer program improves as deficit nearly halved to $10.9 billion.
Nearly 80% of all respondents are now contributing more than the minimum level of funding to their DB plans, survey says.
Report projects that the multiemployer program's deficit will rise to $80 billion in less than nine years.
Companies are increasingly considering annuitization and lump sums due to sharply rising premiums.
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Move means plan contributions, PBGC premiums may rise.
Fund faulted for using assumptions that contradicted its own information.
Report finds that healthy plans funding has risen, while critical plans have not.
Tax considerations, rising PBGC premiums drive move, Russell Investments says.