Paying premiums to the Pension Benefit Guaranty Corp. could get simpler under a proposal announced July 23.
August 05, 2013
A U.S. District Court judge removed Metavation LLC Chairman George Hofmeister and investment adviser Bernard Tew as defined benefit plan trustees.
July 29, 2013 | 03:59 pm
Auto parts supplier Metavation LLC filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Delaware on Tuesday, joining its parent company, Revstone Industries, which filed in December.
July 23, 2013 | 03:30 pm
Paying premiums to the Pension Benefit Guaranty Corp. could get simpler under a proposal announced Tuesday.
July 23, 2013 | 03:37 pm
Federal pension overseers, joining forces to stop what they say is widespread fiduciary misconduct by Revstone Industries LLC Chairman George Hofmeister, are winning some crucial victories. But they...
July 22, 2013
The PBGC will take over the defined benefit pension fund of Butzel Long, a Detroit-based law firm.
July 03, 2013 | 03:48 pm
The PBGC is considering expanding its search for missing participant benefits to defined contribution plans.
July 02, 2013 | 03:52 pm
A PBGC proposal to boost defined benefit plan reporting to help the agency access the plan sponsors' financial soundness is meeting stiff resistance.
June 24, 2013
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
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
The PBGC will take over the defined benefit pension fund of Landmark Medical Center, Woonsocket, R.I.
June 07, 2013 | 04:51 pm
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
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
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
The PBGC will take over the defined benefit fund of Noble Health Systems Inc., Westfield, Mass., the agency announced Thursday.