Smurfit CEO says company not looking to be sold Reuters "The alternative would be to offload it to the PBGC (Pension Benefit Guaranty Corp). That obviously would have created a strong ownership position in ... and more »

Towers Watson Explains New Pension Relief Law Retirement Income Journal (subscription) Sponsors would have to notify plan participants and the PBGC of such elections. The benefit restriction that prohibits future benefit accruals if a plan is ...

Nortel Networks, ProtoStar, Black, RPM, PFF, ABC, FairPoint: Bankruptcy Bloomberg Even though the pension plan hasn't been terminated, the PBGC filed three claims against each of the five PFF companies in Chapter 11. ... and more »

Federal agency and News-Journal retirees fighting to reduce payout to Cox ... NSBNEWS.net A group of News-Journal retirees is supporting the PBGC's claims, saying the pension plan, weakened by the stock market's sharp decline in 2008, ...

PBGC provides multiemployer DB plans with reporting relief for completing Form ... CCH The PBGC has issued guidance that provides multiemployer defined benefit plans with clarifications of instructions and partial reporting relief for ...

Gaming The Budget Window istockAnalyst.com (press release) If firms put off needed contributions to their plans, the PBGC will be exposed to more losses, and future government spending will be higher (even if PBGC ... and more »

PBGC takes responsibility for Penn Traffic plans Pensions & Investments s three defined benefit pension plans, all based in Syracuse, NY, have been taken over by the PBGC, confirmed Gary Pastorius, agency spokesman. ...

Grede pension plan goes to PBGC Pensions & Investments The PBGC took over the Grede Foundries Inc. Employees' Retirement Plan, Novi, Mich., confirmed Marc Hopkins, an agency spokesman. ... Feds take over Novi supplier's pensionsThe Detroit News

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PBGC seizes pension plans from Novi auto supplier Grede The Detroit News The PBGC took action because it said the company sold substantially all of its assets in bankruptcy proceedings and the buyer did not assume the pension ... Grede pension plans goes to PBGCPensions & Investments

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ROOFERS LOCAL NO. 30 COMBINED PENSION FUND v. D.A. NOLT, INC. Leagle.com In his decision, the Arbitrator cited PBGC Opinion Letter 91-2, explaining the difference between the two: "Nonforfeitable benefits" are not the same as ...

PBGC – alternate premium funding election – box 5 relief Lexology (registration) In order to receive this relief an employer must send a notice to the PBGC no later than July 15, 2010. Each employer should review its PBGC comprehensive ...

(AMM) Wolverine Tube terminating pension plan as part of cost-cutting efforts Metalbulletin.com (subscription) (PBGC) after Wolverine's... You are currently only viewing a sample of a 173 word article. To view the full article you must be a subscriber to Metal ... and more »

Wolverine Tube Files Notice with the Pension Benefit Guaranty Corporation to ... PR Newswire (press release) Wolverine is hopeful that it will be able to work with the PBGC to resolve all Plan liabilities pursuant to terms that are acceptable to the PBGC and ...

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Allegiant offers Youngstown Vindicator Delphi salaried retirees saw their pensions cut by 30 percent to 70 percent when their plans were turned over to the PBGC during the federal government's ... Meeting addressing Delphi pensionsistockAnalyst.com (press release)

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Meeting addressing Delphi pensions istockAnalyst.com (press release) The meetings are designed for current Delphi salaried employees and former ones who have not received their Delphi pension from the PBGC. ... and more »

There are some disadvantages in terms of 401K, 401K) is difficult to obtain payments that 60 years ago (59 1 / 2 to be precise. 401K is not insured Corp. PBGC (Pension Benefit Guaranty). In addition, public participation for many years ...

Pension group says Delphi claim is moot Warren Tribune Chronicle The PBGC said Thursday that on that date Delphi ''fully intended to reorganize in bankruptcy and emerge'' as an ongoing business capable of funding the ... PBGC: Delphi retirees' claim is irrelevantYoungstown Vindicator

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Reynolds Packaging, PBGC strike funding deal Pensions & Investments The pension plan remains ongoing, according to a PBGC news release, but ERISA requires the PBGC to seek additional protection when 20% of a company's ...

Retirees: Delphi could have afforded our pensions Dayton Daily News On Wednesday, June 9, the PBGC responded to plaintiffs' arguments with its own filing in a Michigan US bankruptcy court. “Delphi's pension plans, including ... Pension Benefit Guaranty Corp. says Delphi salaried pensions underfunded by ...The Saginaw News - MLive.com

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Excerpt: "The Pension Benefit Guaranty Corporation (PBGC) announced on Tuesday that it will provide relief to certain premium filers who used the available premium funding target (APFT) to determine the variable-rate premium (VRP), but did not check the appropriate box on the comprehensive premium filing." (PLANSPONSOR.com)

Washington and Your Retirement Wall Street Journal The Pension Benefit Guaranty Corporation (PBGC) insures the private-sector pensions of 40 million Americans. However, it has inherent structural flaws as ... PBGC takes over Blumenthal Print Works pension planFibre2fashion.com

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Buying the lie: 'Something for nothing' Daily Inter Lake They said they had chosen voluntarily to follow funding rules, file annual reports to the IRS, and pay premiums to the PBGC "We never declared ourselves as ...

IRS Nears Action on Church Pensions Wall Street Journal They said they had chosen voluntarily to follow funding rules, file annual reports to the IRS, and pay premiums to the PBGC "We never declared ourselves as ... and more »