Tag: Pension Benefit Guaranty Corporation (PBGC)

Janet Dhillon was selected to serve as the next director of the Pension Benefit Guaranty Corporation, pending Senate confirmation.

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.

Premiums for plan years beginning this year will generally be due one month earlier than provided in the PBGC’s payment...

The final rule is effective January 1, 2025.

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

The former Rhode Island church plan was underfunded by $88 million and was unable to fund the minimum required pension...

In less than 3 years’ time, the Pension Benefit Guaranty Corporation has awarded $69.5 billion through its Special Financial Assistance...

President-elect Donald Trump will get to nominate a new candidate for the director position.

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 premium due date for many plan sponsors, as well as the deadline for seeking a refund on 2023 premium...

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

The full amount is $5.7 billion, issued through the federal SFA program.

According to the latest Pension Benefit Guaranty Corporation projection report, solvency is expected for both insurance funds.

The update provided examples of securities in aggregate bond indices that would be considered investment-grade fixed-income securities for SFA investments.

Without the assistance, the pension fund was predicted to become insolvent in 2034.

Deva Kyle, an experienced employee benefits expert, was nominated to become the next director of the Pension Benefit Guaranty Corporation.