Here's what made headlines this week in pension news:
Crain's Detroit Business writes, "PBGC to take over Metavation pension plans before supplier is sold."
PLANSPONSOR.COM offers PBGC perspectives on multiemployer plan issues in "Gotbaum Offers Suggestions for Multiemployer Plan Crisis."
PBGC insures more than 10 million Americans in multiemployer pension plans. As the name suggests, a multiemployer plan is funded by more than one employer, typically in the same industry. Each employer makes contributions to the plan on behalf of their employees, usually under the terms of a collective bargaining agreement. More...
Want to see more? View the archive of all posts to PBGC's blog: Retirement Matters.
