PBGC
Experts sound off on PBGC's 'reportable events' rule
The PBGC's plan to increase reporting demands on defined benefit plans would place unnecessary burdens on them while providing little new information, pension fund advocates said Tuesday.
June 19, 2013 | 01:44 pm
DOL sues to recover more Revstone pension plan assets
The Department of Labor is suing pension trustees of two subsidiaries of Revstone Industries LLC and an investment adviser to recover $4.9 million in defined benefit plan assets that the agency...
June 11, 2013 | 03:58 pm
PBGC assumes Landmark Medical Center pension plans
The PBGC will take over the defined benefit pension fund of Landmark Medical Center, Woonsocket, R.I.
June 07, 2013 | 04:51 pm
PBGC bares fangs in deals that could end in DB plan terminations
Increasingly sophisticated deal financing involving companies with large pension liabilities is spurring the Pension Benefit Guaranty Corp. to play a more active role in the process.
May 27, 2013
Church pension plan status being tested by IRS, class-action lawsuits
The IRS' long-term trend of allowing church-affiliated defined benefit pension plans to be exempt from federal pension rules could reverse course after an unusual decision by the agency and a flurry...
May 27, 2013
PBGC to take control of hospital pension plan
The PBGC will cover the pension benefits of nearly 800 former employees of the Hospital Center at Orange, after a change in legal status.
May 10, 2013 | 03:44 pm
PBGC takes over Noble Health Systems pension plan
The PBGC will take over the defined benefit fund of Noble Health Systems Inc., Westfield, Mass., the agency announced Thursday.
May 09, 2013 | 03:43 pm
PBGC to take over Saint-Gobain Containers pension plan
The PBGC is taking over the pension plan of Saint-Gobain Containers Inc., Muncie, Ind., because it is being sold to a below-investment-grade company, a PBGC spokeswoman confirmed.
April 19, 2013 | 12:29 pm
Obama budget to cap retirement deductions
The retirement- and investment-related tax proposals in President Barak Obama's fiscal 2014 budget are bargaining chips in the administration's battle with Republicans, Washington insiders say.
April 15, 2013
PBGC reverses course on 'reportable events' disclosure rule
The Pension Benefit Guaranty Corp. reversed course and proposed a new rule that will exempt as many as 90% of companies from having to disclose “reportable events” such as bankruptcies...
April 15, 2013
PBGC takes over Bill Johnson's Restaurants pension fund
The Pension Benefit Guaranty Corp. is taking over a pension fund sponsored by Bill Johnson's Restaurants Inc., a Phoenix-based restaurant chain.
April 05, 2013 | 03:58 pm
PBGC proposes easing 'reportable event' rule
Reversing course on a controversial rule that would have upped the reporting burden for defined benefit plan sponsors, the Pension Benefit Guaranty Corp. on Wednesday proposed a new rule that will...
April 03, 2013 | 02:23 pm
Is PBGC a better trustee?
When a company is in bankruptcy or facing financial hardship, at some point it might have to face the question of whether to terminate its defined benefit pension plans. This is a difficult decision, ...
April 01, 2013
PBGC to take over two plans from auto parts supplier Metavation
Pension Benefit Guaranty Corp. will take over two defined benefit pension plans of auto parts supplier Metavation LLC as the company parent Revstone Transportation LLC sells its interest, agency...
March 01, 2013 | 03:37 pm
NCCMP report argues for "fundamental restructuring" of multiemployer plans
The U.S. multiemployer defined benefit pension system needs fundamental restructuring but it should come from the private sector, not government, argues a new report issued Tuesday by the National...
