◀ The Principal Blog

Posts tagged ‘Defined Benefit’

Golden goose, basket of eggs

Retirement Readiness is in everything we do here at The Principal! Who knew?



I started my career in our Defined Benefit division, calculating pension benefits for future and current retirees.  At the time I was a 19 year old, bright eyed and bushy tailed about my financial future. Calculating monthly and lump sum benefit amounts that were far more than I would ever think…

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PBGC: A Four-Letter Word to Plan Sponsors



The noble mission of the Pension Benefit Guaranty Corporation (PBGC) is to pay benefits to the orphaned retirees of failed defined benefit (DB) plans (with some limitations). To date, they have taken responsibility for about 4,500 single employer DB plans, covering the shortfalls between benefits…

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