Acknowledging uncommon market conditions, the Pension Benefit Guaranty Corporation (PBGC) announced Technical Update Number 23-1 (the Update), which provides a one-time waiver of certain reporting ...

The Pension Benefit Guaranty Corporation (“PBGC”) recently issued Technical Update Number 23-1 to provide for certain underfunded pension plans a limited waiver from the reporting requirements under ...

The PBGC guarantees retirement benefits, acting as a safety net when private pensions fail. Discover how it works and its ...

The Pension Benefit Guaranty Corporation projects lasting solvency for both its single and multiemployer pension insurance systems, per a projections report released on July 19. The PBGC maintains two ...

The Pension Benefit Guaranty Corp.'s single-employer and multiemployer pension programs remain in solid shape as both posted net positive positions in the last fiscal year, according to the PBGC's ...

The Pension Benefit Guaranty Corp.’s multiemployer and single-employer pension programs showed an improved financial outlook, according to the PBGC’s Fiscal Year 2023 Projections Report, released July ...

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WASHINGTON — President Joseph R. Biden Jr. recently appointed Davey Grubbs of North Carolina as a new member to serve on the Advisory Committee of the Pension Benefit Guaranty Corporation (PBGC).

A recent court ruling allowed previously excluded terminated and insolvent plans to resubmit applications for special financial assistance, enacted by the American Rescue Plan Act. A recent decision ...