Pension Benefit Guaranty Corp.

Pension Plan Sponsors Slashed Contributions in 2019
Retirement Plans

Pension Plan Sponsors Slashed Contributions in 2019

At present, companies generally aren't subject to required contributions and have little incentive to make discretionary ones, Russell Investments reports.
By David McCann | March 9, 2020
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McClatchy Gets Standstill Agreement on Pension Payments
Retirement Plans

McClatchy Gets Standstill Agreement on Pension Payments

The company has said it cannot make $124 million in contributions it owes in 2020.
By Lauren Muskett | January 16, 2020
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Why Terminating a Pension Plan May Be Unaffordable
Retirement Plans

Why Terminating a Pension Plan May Be Unaffordable

Not only is it expensive to buy annuities to fund existing retiree benefits, but financial statement issues also may stymie plan terminations.
By David McCann | May 29, 2019
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PBGC Deficit Shrinks by One-Third to $51.4B
Retirement Plans

PBGC Deficit Shrinks by One-Third to $51.4B

While the agency's overall financial health improved in 2018, its multiemployer program faces a "tremendous wave of insolvencies."
By Matthew Heller | November 19, 2018
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Pension-Plan Sponsors Forgo Savings
Tax

Pension-Plan Sponsors Forgo Savings

Some simple, widely employed best practices for pension funding seem to have escaped the notice of almost 200 plan sponsors.
By David McCann | April 12, 2018
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Sears Takes Further ‘Financial Flexibility’ Steps
Credit

Sears Takes Further ‘Financial Flexibility’ Steps

The struggling retailer gets more time to pay off a $400 million loan and expects to obtain a new secured credit facility.
By Matthew Heller | December 13, 2017
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PBGC OKs Sears Asset Sales for Pension Relief
Retirement Plans

PBGC OKs Sears Asset Sales for Pension Relief

The lifting of a "ring-fencing" restriction will allow the embattled retailer to raise $407 million to contribute to its underfunded pension plans.
By Matthew Heller | November 8, 2017
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Alcoa Agrees to Extra Pension Contributions
Retirement Plans

Alcoa Agrees to Extra Pension Contributions

Under an agreement with regulators, the company will pay $150 million into its two largest pension funds after it splits into two separate entities.
By Matthew Heller | October 13, 2016
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