Question: “I have a $245,000 pension from a company my current employer bought some years back. My wife, who worked for that same company, has a $45,000 pension. My wife has not worked for the current ...

AMR Corp., the parent of American Airlines, will make some difficult choices in the coming weeks about reorganizing the company following its Chapter 11 bankruptcy filing Nov. 29. Among the ...

A bankruptcy court in Delaware recently upheld rules issued by the Pension Benefit Guaranty Corporation (PBGC) that severely impact how liability is calculated for employers withdrawing from ...

Sept. 29--TUPELO-- Hancock Fabrics has filed a motion with the U.S. Bankruptcy of Delaware, asking it to approve an agreement in which the Pension Benefit Guaranty Corporation takes over its ...

The Pension Benefit Guaranty Corp. (PBGC) last week applied to take over United's underfunded ground workers pension plan, while unions vowed court battles and possible strike action to prevent ...

The U.S. Pension Benefit Guaranty Corp. (PBGC) yesterday vowed to guarantee the basic pension benefits of employees from US Airways and United if the airlines end their respective plans, but the ...

The health of the Pension Benefit Guaranty Corp.'s single-employer and multiemployer pension programs improved once again, as both posted net positive positions in the latest fiscal year, according to ...

The Pension Benefit Guaranty Corporation (PBGC) has issued its first technical update of the year to provide guidance on the accelerated premium filing date for plan years that begin in 2025. In ...

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 ...

Deva Kyle, a counsel at law firm Cohen, Weiss and Simon LLP, was nominated Thursday by President Joe Biden as director of the Pension Benefit Guaranty Corporation. Kyle would serve a five-year term as ...