Tag: Pension Benefit Guaranty Corporation

The PBGC approved the funds for the White Plains, New York-based plan that covers 91,744 participants in the hospitality industry.

PBGC okays grants totaling almost $250 million for Laborers Local No. 265, Teamsters Local 734 and the IUOE Upstate NY...

Henderson, on January 12, will succeed Constance Donovan, who retired in August after 11 years.

The Pension Benefit Guaranty Corporation to provide $63.7 million for Graphic Communications International Union Pressroom Unions’ Pension Plan..

Support is approved for Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund.

Money from the Special Financial Assistance Program will help the pension fund, which was projected to become insolvent in 2032.

Aid to Michigan-based fund will benefit it more than 22,000 participants. 

The Newspaper Drivers Local 473 Plan will receive funding under the federal Special Financial Assistance Program.

Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company...

Lowering premiums might spur some organizations to consider offering a defined benefit plan, which could be an additional form of...

The refund is the second such settlement related to overpayment of Special Financial Assistance due to the inclusion of deceased...

The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.

The Pension Benefit Guaranty Corporation is seeking damages from a construction company after the PBGC took over its terminated pension...

The Sheltering Arms organization shut down in 2023, and the PBGC seeks to become its defined benefit plan’s statutory trustee.

The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...

The Department of Labor keeps working to implement provisions of 2022’s SECURE 2.0 Act alongside further rules for retirement and...

A schedule to help plan sponsors track important due dates for their plans.

The majority of plan sponsors with the goal of mitigating pension plan risks are looking to fully divest their company’s...

Special Financial Assistance funds were granted to three struggling pension plans by the PBGC on July 11.

Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.