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PBGC Blog: Retirement Matters

PBGC: Proud of Our People

  |   March 26, 2012

We’ve got a couple of good reasons to be proud these days. First, PBGC people opened their hearts and wallets to again exceed the agency’s goal in the recent Combined Federal Campaign. More than $257,000 was raised for more than 4,000 local, national and international charities. Second, the video that promoted the campaign was one of two honored for excellence among all federal agencies.

You can view the winning video: PBGC Video on YouTube.

26,000 Keep Pensions at A&P

  |   March 26, 2012

PBGC wants pensions to continue whenever possible. We recently helped A&P exit bankruptcy, while keeping pensions for its 26,000 employees. Here's what we had to say: PBGC: A&P Preserves Single-Employer Pensions in Chapter 11.

Remember elementary school, and lining up on risers once a year for the class picture?

Most of us never gave a second thought to the photographer, or the folks back in the lab who processed and printed all those photos.

Well, while we were squirming and thinking of recess, they were hard at work. Making a living and building up a pension for their retirement years. More...

Pensions Need a Makeover

  |   March 22, 2012

Defined benefit pensions provide lifetime retirement security, but need to be updated for today’s workforce. PBGC Director Josh Gotbaum talked about his ideas at a recent forum sponsored by Institutional Investor magazine. Here’s a March 20 report from the magazine’s Investor Intelligence Network website: More...

As Josh Gotbaum pointed out in a recent Newsday op-ed, Americans are living longer and need to prepare for longer retirements.

Social Security also has to get ready.

As reported by US News, here are some data points relevant to Social Security’s finances: More...

A court decision this week will help PBGC keep employers accountable for pension plans, even when the employer is foreign-owned.

In 2007 Japanese company Asahi Tec bought Metaldyne, a Michigan auto parts maker. When Metaldyne went bankrupt in 2009, we asked Asahi Tec to step up and assume the pensions of Metaldyne’s 10,000 workers and retirees. Asahi Tec refused. More...