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Posts tagged ‘Pension Benefit Guaranty Corporation’

Large and Underfunded? PBGC Wants Your Info!

In the 2002 futuristic sci-fi movie Minority Report, Tom Cruise plays the chief of a police unit dedicated to identifying and stopping crimes before they have actually been committed.  Cruise does this in between chase scenes with the help of three prescient beings (called “PreCogs”) floating…

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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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