ERISA Section 4010 requires a contributing sponsor of certain single-employer pension plans, as well as the sponsor’s controlled group members, to provide controlled group, financial, and actuarial ...

Signage is displayed outside the Pension Benefit Guaranty Corp. (PBGC) building in Washington, D.C. (Photo: Andrew Harrer/Bloomberg) The Pension Benefit Guaranty Corporation (PBGC) today announced an ...

The Pension Benefit Guaranty Corporation (“PBGC”) recently issued Technical Update Number 23-1 to provide for certain underfunded pension plans a limited waiver from the reporting requirements under ...

The Pension Benefit Guaranty Corporation (PBGC) is proposing a rule to facilitate mergers of multiemployer pension plans that will be published in the Federal Register on June 6. The proposed rule ...

An executive order requires each agency to establish on its website a single, searchable indexed database that contains, or links to, all the agency’s guidance documents and provides certain ...

The Pension Benefit Guaranty Corporation (PBGC) is a government entity that provides mandatory insurance to private pension plans. If a private pension plan fails, the PBGC pays out insured benefits ...

The Pension Benefit Guaranty Corp.'s single employer program continues to improve, while the slight gain in the agency's struggling multiemployer program is unlikely to keep it from becoming insolvent ...

The latest deficit increase was driven primarily by the ongoing financial decline of several large multiemployer plans that are expected to run out of money in the next decade. The Pension Benefit ...

The Pension Benefit Guaranty Corp. can go after the owner of a company that took more than two decades to shut down its pension plan, a U.S. District Court judge in West Palm Beach, Fla., ruled. "This ...

Signage is displayed outside the Pension Benefit Guaranty Corp. (PBGC) building in Washington, D.C., U.S., on Wednesday, April 24, 2019. Last week, the Pension Benefit Guaranty Corporation (PBGC) ...

Chances the union pension guarantee program covering 10 million participants will run out of money by 2025 have risen to over 90%, the Pension Benefit Guaranty Corporation warned today in its annual ...

The first company to initiate a private pension plan was American Express Company in 1875. Thereafter, many other companies followed suit including banks, utilities and manufacturers. These early ...