Tag: PBGC

Risk February 18, 2020

Newspaper Company McClatchy Halts Retirement Payouts After Chapter 11 Filing

Company negotiating with PBGC to take over benefit payments amid a new company-wide restructuring plan.

Pensions February 14, 2020

White House wants new variable-rate premium, saying that would help stave off insolvency for 20 years.

Regulation January 17, 2020

Pension lifeboat will provide three annual payments of $8.9 million to merged plan.

Risk December 20, 2019

Plans, like the New England Teamsters', covering 1.4 million people are underfunded by $56.5 billion.

Corporate Moves November 18, 2019

Newspaper owner in talks with PBGC about distress termination of plan.

Research October 31, 2019

‘Stellar asset gains’ raise plans’ funded ratio to 82%.

Risk October 21, 2019

Pension insurance to assume benefit payments for 8,000 members.

Research August 19, 2019

PBGC multiemployer program is expected to run out of money in six years.

Research July 8, 2019

Survey also finds rising PBGC premiums encourage funding increases.

Corporate Moves July 8, 2019

Four of the seven members have already served on the committee.

Regulation May 14, 2019

Pension said it will become insolvent in 10 years without benefits cut.

Corporate Moves May 3, 2019

Family trust trustee with Senate connections named 16^th director of pensions lifeboat.

Research April 23, 2019

Funded levels increase despite worst asset performance in a decade.

Corporate Moves March 29, 2019

Hartogensis renominated by Trump after previous attempt stalled.

Newsmakers February 11, 2019

Deal cleared way for court to OK ESL Investment’s $5.2 billion takeover of the retailer.