Featured Jobs


Senior Qualified Plan Administrator (Miamisburg OH)

NQ Client Services Manager (Lake Mary FL / Dallas TX)

Regional Sales Vice President, Outside Retirement Sales Consultant (Marlton NJ / Telecommute)

Compliance Manager (Ponte Vedra Beach FL)

Compliance Administrator III (Chico CA / Telecommute)

Retirement Plan Administrator (San Diego CA)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Twitter
Facebook

<< Previous news item   |   Next news item >>



10/22/2004: PBGC Takes Over and Terminates Kemper Insurance Company's Underfunded Pension Plan (Business Insurance; free registration required)
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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2019 BenefitsLink.com, Inc.