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Pension Benefit Guaranty News

News on Pension Benefit Guaranty continually updated from thousands of sources around the net.

Yesterday | AmmoLand

Still Fighting: The Delphi Workers Obama Robbed

The White House pretended to champion American workers this week with gimmicky initiatives on federal job training and " workplace innovation ."

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Related Topix: US News, Insurance, Michigan

Tue Jul 22, 2014

Detroit News

Judge orders PBGC to turn over documents in Delphi pension suit

A Republican senator on Tuesday praised a ruling by a federal judge that ordered the government's pension insurer to disclose more documents related to its decision to absorb the salaried pension plans at Delphi Corp in bankruptcy.

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Related Topix: Manufacturing, Automakers, Delphi, US Politics, Senator Rob Portman, US News, John Boehner, US Senate, Republican, US House of Representatives, Insurance, Sherrod Brown, Democrat

Sun Jul 20, 2014

Pensions & Investments

Slow process seen in naming Gotbaum successor at PBGC

Joshua Gotbaum's resignation as director of the Pension Benefit Guaranty Corp. is expected to create a leadership vacuum at a critical time for an agency dealing with struggling multiemployer pension plans and corporate defined benefit sponsors stressed about premium increases.

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Related Topix: Insurance

Wed Jul 16, 2014

Pensions & Investments

Delphi retirees impatient with PBGC

A group of Ohio legislators is pushing the Pension Benefit Guaranty Corp. to determine the pension benefits for 20,000 former employees of Delphi Corp. after a five-year wait.

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Related Topix: Manufacturing, Automakers, Delphi, Insurance

Fri Jul 11, 2014

The Miami Herald

Head of US pension agency resigning

Joshua Gotbaum, a former investment banker, was appointed by President Barack Obama as director of the Pension Benefit Guaranty Corp. in July 2010.

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Related Topix: US Politics, US News, Barack Obama, Insurance

Business Insurance

PBGC chief Gotbaum resigning from agency

Pension Benefit Guaranty Corp. Director Joshua Gotbaum disclosed Friday that he is stepping down next month after four years as head of the federal pension insurance agency.

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Related Topix: Insurance

Pensions & Investments

PBGCa s Gotbaum to resign

Joshua Gotbaum will step down in August as director of the Pension Benefit Guaranty Corp. In a letter sent to PBGC colleagues Friday, Mr. Gotbaum said that with three children in college, he promised his wife he would return to the private sector.

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Related Topix: Insurance

JD Supra

DC Circuit Holds Named Plaintiff Who Settles Individual Claims...

In Stephens , two former pilots brought a putative class action lawsuit against their employer airline and their retirement plan, alleging that a delay in paying retirement benefits and failure to pay interest during the delay violated the Employee Retirement Income Security Act .

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Related Topix: District of Columbia Circuit Court of Appeals, US News, Insurance

Thu Jul 10, 2014

JD Supra

DC Circuit Holds Named Plaintiff Who Settles Individual Claims...

In Stephens , two former pilots brought a putative class action lawsuit against their employer airline and their retirement plan, alleging that a delay in paying retirement benefits and failure to pay interest during the delay violated the Employee Retirement Income Security Act .

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Related Topix: District of Columbia Circuit Court of Appeals, US News, Insurance

Tue Jul 08, 2014

JD Supra

D.C. Circuit Rules That 'Exhaustion of Administrative Remedies' Is...

The U. S. Court of Appeals for the District of Columbia Circuit has joined five other federal circuits to rule that pension plan participants need not exhaust a plan's internal remedial procedures before they file suit in federal court to assert violations of ERISA's substantive statutory guarantees.

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Related Topix: District of Columbia Circuit Court of Appeals, US News, Pension, Personal Finance, Law, Employment / Labor Law, Insurance, Retirement

Fri Jul 04, 2014

Wall Street Journal

Washington's Next Big Bailout

Labor unions like to promote their generous defined-benefit pensions. Yet when these benefits prove unsustainable, workers can lose their jobs and retirement savings.

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Related Topix: Pension, Personal Finance, Insurance

Tue Jul 01, 2014

Free Republic

Insurer Warns Some Pooled Pensions Are Beyond Recovery

More than a million people risk losing their federally insured pensions in just a few years despite recent stock market gains and a strengthening economy, a new government study said on Monday.

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Related Topix: Pension, Personal Finance, Insurance

Mon Jun 30, 2014

The Miami Herald

Pension agency says plans for 1.5 million at risk

A federal agency says that that despite an improving economy, retirement plans covering roughly 1.5 million U.S. workers are severely underfunded, threatening benefit cuts for current and future retirees.

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Related Topix: Pension, Personal Finance, Insurance

ABC News

Pension Agency Says Plans for 1.5 Million at Risk

A federal agency says that that despite an improving economy, retirement plans covering roughly 1.5 million U.S. workers are severely underfunded, threatening benefit cuts for current and future retirees.

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Related Topix: Pension, Personal Finance, Insurance

Dallas Morning News

High court denies US Airways pilots' request in pension case

In a decision released Monday, the U.S. Supreme Court declined to review a case in which US Airways pilots were challenging the Pension Benefit Guaranty Corp.'s calculation of their benefits.

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Related Topix: US Supreme Court, US News, Insurance

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