Tag: PBGC

Regulation August 28, 2020

Second Contracting Firm Exec Pleads Guilty to PBGC Bribery Conspiracy

COO James Girardi admitted he was aware of illicit arrangement between CEO and PBGC official.

Newsmakers August 13, 2020

MPRA rejections were the first under Treasury Secretary Mnuchin.

Newsmakers July 13, 2020

The bankrupt newspaper chain’s retirement obligations propelled it into Chapter 11, but the new owner, hedge fund Chatham, will get a clean slate.

Regulation May 7, 2020

Jeffrey Donahue could face 15 years in prison for conspiracy to bribe a public official.

Research April 30, 2020

Plunging discount rates offset second-largest investment return in 20 years.

Coronavirus - COVID-19 April 28, 2020

PBGC monitors workforce reductions, so plan sponsors must be vigilant.

Asset Management Culture March 11, 2020

Increased volatility caused by coronavirus likely to keep risk transfer market booming.

Risk March 3, 2020

Presidential hopeful says legislation would free up $15 billion to help fund struggling multiemployer pensions.

Risk February 18, 2020

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.