Pension Benefit Guaranty Corp.
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.
McClatchy Gets Standstill Agreement on Pension Payments
The company has said it cannot make $124 million in contributions it owes in 2020.
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.
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."
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.
Big Pension Funding Opportunity Is At Hand
There's plenty of time left to save bucks on 2017 taxes by accelerating pension contributions, but beware surpassing the 100%-funded level.
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.
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.