Search for: "Pension Benefit Guaranty Corporation" Results 221 - 240 of 278
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11 Jan 2010, 2:26 pm by Darrin Mish
You would be eligible for the HCTC if, for example, you are a senior citizen between 55 and 65 years old who receives benefits under the Pension Benefit Guaranty Corporation (PBGC) or a Labor Department certified displaced worker eligible for Trade Readjustment Allowance under the Trade Adjustment Assistance Act (TAA). [read post]
5 Jan 2010, 10:56 am by Erin Miller
Issue: Do participants in a pension plan for which the Pension Benefit Guaranty Corporation serves as a trustee have Article III standing to sue prior plan fiduciaries for breach of fiduciary duty under ERISA, when their pension benefits have been reduced due to underfunding of the plan? [read post]
15 Dec 2009, 1:17 am by Randall Reese
As a result of having completed store closing sales at all of their retail locations and sales of a substantial portion of its other assets earlier this year, Circuit City's remaining operations are largely limited to the completion of the wind-down of its businesses and collection of outstanding accounts receivable.Highlights:Remaining assets are listed at $980.2 millionTotal liabilities are listed at over $1.7 billion, with over $300 million being current and the remaining $1.4 billion being… [read post]
30 Nov 2009, 3:52 pm by Randall Reese
The Official Committee of Unsecured Creditors initially had 15 members when appointed on June 3, 2009, but its membership has now been reduced to ten.The five former members which are no longer part of the Creditors' Committee are the Pension Benefit Guaranty Corporation, Interpublic Group, DENSO International America, Inc., Paddock Chevrolet, and Saturn of Hempstead, Inc. [read post]
18 Nov 2009, 6:30 pm by Randall Reese
As a result, the largest shareholders in Penn Traffic are Bay Harbour Management, L.L.C. (23.7%); Pension Benefit Guaranty Corporation , held by JP Morgan Investment Management, Inc. as agent (21.7%); and King Street Capital Management, L.P. (15.6%).Today's bankruptcy filing is intended to be used to facilitate a rapid sale of the companies' assets. [read post]
16 Nov 2009, 1:11 pm by knowtification
The Pension Benefit Guaranty Corporation – a federal agency that protects pension benefits in private sector traditional pension plans – has held as much as $133 million in unclaimed pension benefits for approximately 32,000 people who were owed money from terminated defined benefit pension plans. [read post]
16 Nov 2009, 1:11 pm by knowtification
The Pension Benefit Guaranty Corporation – a federal agency that protects pension benefits in private sector traditional pension plans – has held as much as $133 million in unclaimed pension benefits for approximately 32,000 people who were owed money from terminated defined benefit pension plans. [read post]
15 Nov 2009, 4:30 pm
For these plans at least, the Pension Benefit Guaranty Corporation (PBBC) does have its Pension Search database, but it's only useful to assist employees whose defined benefit pension plan the PBGC has taken over. [read post]
15 Nov 2009, 4:30 pm
For these plans at least, the Pension Benefit Guaranty Corporation (PBBC) does have its Pension Search database, but it's only useful to assist employees whose defined benefit pension plan the PBGC has taken over. [read post]
10 Nov 2009, 2:49 am
Joshua Gotbaum, an operating partner at private equity firm Blue Wolf Capital, is expected to be named director of the Pension Benefit Guaranty Corporation, the White House said Monday. [read post]
27 Oct 2009, 5:16 am by Carol L. Gasper, Attorney at Law, LLC
After all, Continent along with other airlines dumped their pension plans onto the Federal Pension Benefit Guaranty Corporation 4-5 years ago; thus, paying out far less than they should. [read post]
13 Oct 2009, 12:40 am by Scott Sagaria
The disagreement between Freedom Communications Holdings and its creditors, which includes the federal Pension Benefit Guaranty Corporation, centers on the financial documents that the lenders are requesting. [read post]
23 Sep 2009, 7:08 am
Employees with underfunded pension plans can in some situations bear a higher cost when firms default if the benefits promised to them exceed the benefit limits set by the Pension Benefit Guaranty Corporation (PBGC), the federal corporation which protects the pensions of nearly 44 million American workers. [read post]
4 Sep 2009, 9:16 am
Global Pensions is reporting this morning: The US Airline Pilots Association (USAPA) has filed a lawsuit against the Pension Benefit Guaranty Corporation (PBGC) seeking the removal of the PBGC as trustee of US Airways pilots' pension plan. [read post]
11 Aug 2009, 9:01 pm
July 10, 2009), is an important employment discrimination case.Availing itself of the Faragher/Ellerth affirmative defense, the Pension Benefit Guaranty Corporation (PBGC) was not vicariously liable for a male supervisor's alleged sexual harassment because a female auditor... [read post]
29 Jul 2009, 8:45 am
A troubling story today from the New York Times regarding the relationship between the head of the Pension Benefit Guaranty Corporation (PBGC), the federal agency that insures defined benefit pension plans, and Wall Street. [read post]
20 May 2009, 3:47 pm
News release: "The Pension Benefit Guaranty Corporation posted a $33.5 billion deficit for the first half of fiscal year 2009,... [read post]
7 May 2009, 9:54 am
Nevertheless, it has occurred to some, including the Pension Benefit Guaranty Corporation (the "PBGC"), that a participant will automatically assume the worst about the plan upon receiving the notice. [read post]
1 May 2009, 2:37 pm
The plans remain ongoing and are insured by the Pension Benefit Guaranty Corporation. [read post]
16 Apr 2009, 5:40 am
The Pension Protection Act of 2006 amended ERISA to require the plan administrator of any defined benefit pension plan, which is subject to Title IV of ERISA, to provide an annual funding notice to: -- the Pension Benefit Guaranty Corporation (the "PBGC"); --each plan participant and beneficiary; -- each labor organization representing such participants and beneficiaries; and -- in the case of a multiemployer plan, each… [read post]