Academy Cautions Congressional Leadership on Risks of Using Pension Provisions as Revenue Offsets
"Members of Congress need to make informed decisions based on all of the best possible information, including potential downside risks," said Academy Senior Pension Fellow Donald Fuerst.
Senate approves PBGC premium prepayment measure
Employers would be allowed to prepay up to five years of insurance premiums to the Pension Benefit Guaranty Corp. under legislation approved Monday by the Senate.
Furniture Brands reaches deal with federal agency on pension costs
FBI Wind Down Inc., formerly known as Furniture Brands Inc., has reached an agreement with its creditors in which the Pension Benefit Guaranty Corporation would reduce its claims against Furniture Brands from $340 million to $300 million, according to a filing Friday with the Securities and Exchange Commission.
Pensions & Investments
PBGC proposes rollover help
Participants in defined contribution plans could combine those assets with their defined benefit plans without worrying about federal guarantee limits, under a plan to be proposed Wednesday by the Pension Benefit Guaranty Corp. Register today and you also get a free two week trial to P&I Daily, our online subscription with full access to all ... (more)
Proposed bill would allow employers to prepay PBGC premiums
A proposal to allow employers to prepay up to five years of insurance premiums to the Pension Benefit Guaranty Corp. could be an attractive short-term option for some employers, but the longer-term risks could outweigh the immediate financial rewards.