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PBGC: Protector or Predator?
Burypensions Blog
[Opinion] May 17, 2012 "[The three Dewey & LeBoeuf] plans PBGC has taken over are all cash balance plans that cover only past and current partners and they are relatively well funded.... What's the PBGC doing taking over a plan for partners-only, one of which is reported to be over-funded? Is this agency, strapped for cash itself, looking to prey on these lawyers by appropriating the approximately $150 million in assets in the plans and having to pay out substantially less (based on PBGC calculations) in monthly installments at later dates?" MORE >> |
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