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WASHINGTON — The Pension Benefit Guaranty Corporation will pay retirement benefits for more than 21,000 current and future retirees of the Great Atlantic & Pacific Tea Co., a supermarket chain based in Montvale, N.J., that is commonly known as A&P. Click here to read entire article.
Read moreWhen PBGC takes over a plan, we send letters to participants letting them know we’re now responsible for paying pension benefits. After that, we begin reviewing the plan’s records to determine each participant’s benefit. When benefit calculations are complete, PBGC sends each participant a formal benefit determination letter. During this process it’s important that we
Read moreWASHINGTON – The Pension Benefit Guaranty Corporation today announced an agreement that restores two pension plans to The Renco Group Inc., a privately held investment holding company based in New York City. Click here to read entire article.
Read moreThanks to PBGC’s unclaimed pension search more people are claiming the pension they earned. To date, approximately 14,000 participants have collected about $55 million in unclaimed pension benefits. But with about 30,000 people still owed benefits we’re continuing the search! Click here to read entire article.
Read moreWASHINGTON – The Pension Benefit Guaranty Corporation is proposing to cut penalties for late payment of premiums in an effort to reduce costs and make it easier for plan sponsors to maintain traditional pension plans. Click here to read entire article.
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