Tag: PBGC

Pensions September 16, 2020

PBGC Multiemployer Program to Become Insolvent by 2026

Agency warns that without legislation, it won’t be able to provide financial assistance to 1,400 plans.

Pensions September 15, 2020

The Building Material Drivers Local 436 pension plan is expected to run out of money by 2023.

Asset Management Culture September 10, 2020

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 August 13, 2020

MPRA rejections were the first under Treasury Secretary Mnuchin.

Newsmakers July 13, 2020

The bankrupt newspaper chain’s retirement obligations propelled it into Chapter 11, but the new owner, hedge fund Chatham, will get a clean slate.

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.

Asset Management Culture March 11, 2020

Increased volatility caused by coronavirus likely to keep risk transfer market booming.

Risk March 3, 2020

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

Risk February 18, 2020

Company negotiating with PBGC to take over benefit payments amid a new company-wide restructuring plan.

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.