Featured Jobs
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
MAP Retirement
|
|
PPS Pension Services
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
DWC - The 401(k) Experts
|
|
Retirement Plan Onboarding Specialist Compass
|
|
DWC - The 401(k) Experts
|
|
Frank Pension Consultants, Ltd.
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
PBGC Takes Over and Terminates Kemper Insurance Company's Underfunded Pension Plan
Business Insurance; 
Oct. 22, 2004
Excerpt: The Pension Benefit Guaranty Corp. on Thursday took over and terminated Kemper Insurance Cos.' underfunded pension plan, the biggest insurer-sponsored pension plan ever assumed by the PBGC. Kemper's retirement plan has promised $1.05 billion in benefits to its nearly 12,000 participants--mostly retirees and former employees of operating unit Lumbermens Mutual Casualty Co.--but has just $515 million in assets.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |