PBGC Halts Employer Shutdown Cases
After complaints, PBGC said Tuesday that it is placing a six-month moratorium on the enforcement of facility shutdown cases.
Fear and Loathing at PBGC
The agency faces a crucial few months as it lobbies Congress to help it address nothing less than the potential collapse of federal pension insurance.
Pension Advocates Blast Budget’s Premium Hike
“It is simply unacceptable that members of Congress of both parties...view pension plans as a piggy bank," American Benefits Council president says.
Mote’s Risk-Busting Strategy: Diversify Internationally
The firm devotes more than half of client portfolios to international diversification.
Sen. Harkin Floats Bill to Help Charities, Co-Ops Offer Pensions
Sen. Tom Harkin, D-Iowa, chairman of the Senate Health Education Labor & Pensions (HELP) Committee, introduced legislation Tuesday that would make it easier for charities and cooperatives to continue to offer pensions to their employees.
94% of Pension Plans Underfunded: Wilshire
A low-interest-rate environment is wreaking havoc with corporate defined benefit plans.
4 Ways to Repeat the Mortgage Mess: Peter Wallison
Peter Wallison decries Washington's latest “fix” to prevent another repeat of the housing market collapse.
New Hire Roundup: Beale, Kayajanian Join Security Benefit; DOL Picks New ERISA Council Members
This week in new hires, Security Benefit welcomed George Beale and Jeffrey Kayajanian, CapWealth named Phoebe Venable president and COO, and the DOL named five new ERISA Advisory Council members.
PBGC Deficit Hits $34 Billion; Benefits Council Calls Number Misleading
The Council says ‘all pension fund liabilities—including the PBGC’s—are overstated by the historically low interest rates.’
Benefits Council Objects to New Pension Enforcement Rule
The American Benefits Council is taking issue with a new policy issued by the Pension Benefit Guaranty Corp. that it says “challenges” the health of the defined benefit system.