Featured Jobs
|
Compass
|
|
Compass
|
|
Retirement Plan Administration Consultant Blue Ridge Associates
|
|
Northwestern Wisconsin Associates, Inc. (NWA, Inc.)
|
|
Relationship Manager for Defined Benefits Daybright Financial
|
|
Retirement Plan Compliance Manager Conrad Siegel
|
|
Relationship Manager for Defined Contributions 2 Daybright Financial
|
|
ESOP Administration Consultant Blue Ridge Associates
|
|
Frank Pension Consultants, Ltd.
|
Free Publications
|
|
|
Shortfall Triples at U.S. Pension Benefit Guaranty Corporation
The Wall Street Journal
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). |