About PBGC

Here's what made headlines this week in pension news:

Pensions & Investments quotes PBGC Director Josh Gotbaum in "PBGC Multiemployer pension plan reports raise alarms on underfunding."

Business Insurance reports, "PBGC takes over pension plan of auto parts manufacturer Findlay."

"What if your pension runs out of money?" MarketWatch asks.

PBGC will pay retirement benefits for more than 1,300 current and future retirees of Findlay Industries.

Based in Findlay, Ohio, Findlay Industries was a privately owned company established in 1959 that once manufactured interior parts for the automotive and heavy truck industries.

The firm had manufacturing operations in Ohio, Virginia, Michigan, Florida, Canada and Mexico.

In late 2008, More...

Here's what made headlines this week in pension news:

Bloomberg publishes, "PBGC Sues the Renco Group Over RG Steel Unfunded Pension."

"Where's My Refund: Is Some of the $58 Billion Unclaimed Money Yours?" Travelers Today asks.

Business Insurance reports, "PBGC to take over 2 Hawker Beechcraft pension plans."

The Wall Street Journal writes, "Bankruptcy judge close to granting Beechcraft plan."

Here's what made headlines this week in pension news:  

Plansponsor.com quotes PBGC Director Josh Gotbaum in "Pension Premium."

The Wichita Eagle reports, "Bankruptcy judge delays ruling on Hawker Beechcraft pensions until Jan. 31."

"$58 billion unclaimed: Is some of it yours?" CNN Money asks.  

Across the country, there are more than 38,000 people who haven't claimed pension benefits they are owed. Those unclaimed pensions equal a total of over $300 million dollars, with individual benefits ranging from twelve cents to almost a million dollars.

The states with the most missing pension participants and money to be claimed are:

• New York (7,031/$42.38 million)
• Illinois (4,129/$79.63 million)
• California (3,082/$8.52 million)
• Texas (2,487/$12.32 million)
• New Jersey (2,288/$12.84 million)
• Ohio (2,109/$15.22 million)

More...

Here's what made headlines this week in pension news:  

Wichita Business Journal reported "Court to hear Hawker-PBGC plan on Jan. 17."

WokplaceChoice.org posted "Multiemployer plans need more help, PBGC chief tells House panel."

U.S. News published "Why Pension Plans May Not be a Slam Dunk."