Quick links+
When 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.
Read moreThe headline that ran in 1999 painted a rosy picture: “TVA pension plan booming as investments thrive.” Tennessee Valley Authority Retirement Board directors credited a “prudent” investment strategy and explained the power provider could eliminate contributions and still meet its future retirement expenses. Click here to read entire article.
Read more