Tag: Pension Benefit Guaranty Corporation

Pensions June 26, 2026

Trump Administration Seeks $1B to Restore Delphi Pensions

The effort, included in $87.6 billion supplemental spending request, revives a long-running fight to restore full benefits to levels they were at before GM’s 2009 bankruptcy.

Regulation May 8, 2026

PBGC Initiates ‘Friend of the Court’ Program

The Pension Benefit Guaranty Corporation's project aims to help private parties in cases that could have broader implications for defined benefit pensions.

Pensions February 5, 2026

Investment Gains Fuel Fifth Straight Year of Asset Growth in PBGC Pension Insurance Programs

The agency’s single-employer and multiemployer programs reported positive net positions of $62.2 billion and $2.6 billion, respectively.

Regulation December 10, 2025

Pension Sponsors Can Submit 2 New Forms Through PBGC Filing System

The online portal now includes standard termination filings and coverage determination requests.

Pensions May 28, 2025

2nd Circuit Vacates PBGC’s Denial of SFA Funds for NYC Pension

The Pension Benefit Guaranty Corporation had argued that the pension was not entitled to funds because it had already been terminated.

Newsmakers May 15, 2025

PBGC Director Nominee Janet Dhillon Clears Senate HELP Committee

The Senate Committee on Health, Education, Labor and Pensions voted 12-11 to advance Dhillon's nomination to the full Senate. 

Newsmakers March 11, 2025

Dhillon Nominated to Lead PBGC

The former Equal Employment Opportunity Commission chair under President Donald Trump is now expected to lead the Pension Benefit Guaranty Corporation.

Pensions February 27, 2025

PBGC’s SFA Program Boosts Multiemployer Funded Level to 97%

Without the $16 billion in special financial assistance from the Pension Benefit Guaranty Corporation, the plans’ funded level would have ended 2024 stagnant, per Milliman study.

Pensions January 15, 2025

PBGC Approves $868.6M SFA Grant to Unite Here Retirement Fund

The White Plains, New York-based plan covers 91,744 participants in the hospitality industry.

Pensions January 13, 2025

PBGC Approves SFA Funds for 3 Multiemployer Pension Funds

Laborers Local No. 265, Teamsters Local 734 and the IUOE Upstate NY Engineers Fund will receive grants totaling almost $250 million under the Special Financial Assistance Program.

Newsmakers January 7, 2025

Anne Henderson Named Participant and Plan Sponsor Advocate at PBGC

Henderson will succeed Constance Donovan, who retired in August after 11 years at the Pension Benefit Guaranty Corporation.

Pensions January 6, 2025

Most PBGC Premium Payment Deadlines Accelerated

Premiums for plan years beginning in 2025 will generally be due one month earlier than provided in the PBGC’s payment of premiums regulation.

Pensions December 20, 2024

PBGC Updates Rate Tables on Expected Retirement Age, Missing Participants Mortality Assumption

Effective date for the final rule is January 1, 2025.

Pensions December 13, 2024

PBGC Provides $29.3M to Teamsters Local 11 Pension Plan

The New Jersey-based transportation workers pension fund is in critical status, according to the Pension Benefit Guaranty Corporation.

Pensions December 9, 2024

PBGC Provides Financial Assistance to Pressroom Union Plan

The Graphic Communications International Union Pressroom Unions’ Pension Plan will receive $63.7 million from the Pension Benefit Guaranty Corporation.