Tag: Pension Benefit Guaranty Corporation

Asset Management Culture September 10, 2020

PBGC to Pay Pension Benefits for McClatchy

Pension lifeboat takes over defined benefit plan covering 24,000 current and future retirees.

Regulation August 28, 2020

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

Newsmakers May 12, 2020

However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.

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.

Risk March 3, 2020

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

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.

News November 25, 2019

Proposal calls for beefing up PBGC’s authority and funding.

Newsmakers September 5, 2017

Approval is the first under the Multiemployer Pension Reform Act of 2014.

Newsmakers August 9, 2017

Company launches debt offering to raise funds for pension.

Research August 4, 2017

Report projects that the multiemployer program's deficit will rise to $80 billion in less than nine years.

Corporate Moves April 13, 2017

Despite fluctuations, the largest pension plans ended 2016 with their funded ratios little changed.