Regulation & Legislation
House panel OKs raising federal employee pension contribution
All government workers, including members of Congress, would contribute more toward their defined benefit pension plans under a proposal approved by the House Oversight and Government Reform Committee.
February 08, 2012 | 03:26 pm
PBGC updates estimate of funding relief for American Airlines
Congress gave American Airlines an estimated $2.1 billion in pension funding relief over the past six years, nearly double an earlier estimate, the PBGC announced Monday.
February 06, 2012 | 04:06 pm
Partial annuities included in proposed lifetime option rules
Providing partial annuities and reducing restrictions on so-called deferred longevity annuities were parts of proposed regulations on lifetime income options in retirement plans announced by the...
February 06, 2012
New DC rules call for direct, indirect fee info
Defined contribution plan service providers will be required to provide more and clearer information on direct and indirect fees being charged to plan sponsors under final federal disclosure...
February 06, 2012
PBGC worthy opponent in AMR bankruptcy fight
The PBGC and its director, Joshua Gotbaum, have a fighting chance of winning their battle against American Airlines, which is trying to terminate four pension plans as part of parent AMR Corp.'s...
February 06, 2012
Partial annuities included in proposed rules for lifetime income options
Providing partial annuities and reducing restrictions on so-called deferred longevity annuities were parts of proposed regulations on lifetime income options in retirement plans announced Thursday by ...
February 02, 2012 | 05:26 pm
PBGC's Gotbaum reminds Congress of earlier American Airlines pension relief
PBGC Director Joshua Gotbaum on Thursday reminded House subcommittee members asking about American Airlines' plans to terminate its four defined benefit plans that Congress gave the airline $1...
February 02, 2012 | 04:29 pm
Direct, indirect fee information required under final DC disclosure rules
Defined contribution service providers will be required to provide more and clearer information on direct and indirect fees being charged to plan sponsors under final federal disclosure regulations...
February 02, 2012 | 11:53 am
American Airlines to drop DB pension plans
AMR Corp.'s American Airlines plans to terminate its four pension funds and start offering new 401(k) plans to employees, according to American's website.
February 01, 2012 | 03:38 pm
PBGC preps for possible AMR pension takeover with liens
PBGC has filed 76 liens against the assets of American Airlines parent AMR Corp., Josh Gotbaum, PBGC director, said at a news briefing Tuesday.
January 31, 2012 | 03:40 pm
Judge delays AMR's hiring of bankruptcy advisers
AMR Corp.'s effort to hire a group of legal and financial advisers for its Chapter 11 bankruptcy reorganization was put on hold Friday amid objections from unions and the U.S. government.
January 27, 2012 | 03:53 pm
Federal Thrift's G Fund gets payments restored
U.S. government payments into the Federal Thrift Savings Plan's largest fund resumed Friday after being put on hold when the federal government hit its debt ceiling 10 days earlier.
January 27, 2012 | 03:34 pm
Greenlight Capital, chairman fined in U.K. on insider-trading charge
Greenlight Capital and its chairman, David Einhorn, were fined £7.2 million ($11.2 million) by the U.K.’s Financial Services Authority for trading on inside information in the sale of...
January 26, 2012 | 05:10 pm
PBGC: American Airlines employees should worry about pensions
The PBGC on Thursday warned American Airlines' employees that they should worry about their pension benefits.
January 26, 2012 | 04:25 pm
SEC appoints senior special counsel for ETFs
Barry Pershkow was named senior special counsel in the SEC's investment management division.