Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

CDHP Consultant

BPAS
(Remote / Houston TX / NY / WA / Hybrid)

BPAS logo

Participant Services Representative I - Health & Welfare

BPAS
(Spokane WA / Hybrid)

BPAS logo

Participant Services Representative

BPAS
(Utica NY / Hybrid)

BPAS logo

Retirement Plan Administrator

RetirementPlans.com, LLC
(Remote / Addison TX)

RetirementPlans.com, LLC logo

Employee Benefits Attorney

Reid & Riege PC
(Hartford CT / Hybrid)

Reid & Riege PC logo

Senior Distributions Analyst

PCS Retirement
(Remote)

PCS Retirement logo

Relationship Manager - DC

Daybright Financial
(Remote)

Daybright Financial logo

Benefits Analyst

Hydro
(Des Plaines IL / Hybrid)

Hydro logo

Team Leader

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

View More Employee Benefits Jobs

Free Newsletters

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

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Shortfall Triples at U.S. Pension Benefit Guaranty Corporation
The Wall Street Journal Link to more items from this source
May 20, 2009

Excerpt: The federal agency that backstops corporate pension plans reported that its deficit tripled in the last six months, to $33.5 billion. Despite the shortfall, the agency said it has enough assets to pay benefits for many years, even if the holder of one of the largest retirement programs, General Motors Corp., were to file for bankruptcy. The news came as the Pension Benefit Guaranty Corp.'s former director invoked the Fifth Amendment in response to lawmakers' questions about possible mismanagement under the Bush administration. The PBGC's inspector general last week issued a report saying that the former director had violated prohibitions on contacting bidders that were seeking investment contracts.  MORE >>

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).