Tag: Pension Benefit Guaranty Corporation (PBGC)

The stressed union pension plan will receive more than $28 million in special financial assistance, including interest to the expected...

The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.

The agency has so far approved $7.4 billion under the Special Financial Assistance Program to pension funds covering more than...

The ongoing plan must still separate special financial assistance funds and invest them according to final regulations.

After months of operating on an interim basis, the Special Financial Assistance program for multiemployer pensions has been formally finalized...

Special Financial Assistance program to date has approved more than $6.2 billion to cover nearly 120,000 participants.

The Special Financial Assistance program funding will cover benefit payments for almost 2,000 participants.

Investment managers point to what might be better strategies for managing defined benefit plan investment risks and PBGC premium costs. 

One important distinction to make when considering a pension risk transfer is the difference between fiduciary and settlor functions.

The website keeps tabs of multiemployer plans that have received the Pension Benefit Guaranty Corporation’s special financial assistance. 

Despite progress by many pensions plan sponsors to reduce premiums through adopting best practices, several chronic over-payers persist.

Former non-union employees of the auto parts maker sought to overturn the Pension Benefit Guaranty Corporation’s decision to terminate their...

Alongside confirming that the payment has now gone out to Local 138, PBGC this week announced it has approved a...

The first approved application is from a multiemployer pension plan that was projected to become insolvent by 2022.

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

Using funding relief to lower contributions to DB plans can increase PBGC premiums and get those plan sponsors that are...

For the first time in 20 years, both of PBGC’s insurance programs are reporting positive net financial positions.

The agency is accepting applications before a final rule is published and says any changes will not reduce the amount...

The agency—which says the revisions are needed to implement provisions of the SECURE Act—has also published a notice of proposed...