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PBGC Blog: Retirement Matters

On February 1, 2012, American Airlines announced it would seek to terminate all four of its pension plans.  But the law is clear:  If the company wants to end the plans, it must prove its case. 

Here’s a fact sheet that clears up some big misconceptions: http://www.pbgc.gov/wr/other/pg/american-airlines-pensions--get-the-facts.html

Here’s a Chicago Tribune story based on an interview with PBGC Director Josh Gotbaum:  Pension insurer doubts need of American Airlines parent to terminate defined benefit plans

Welcome to our Blog

  |   March 6, 2012

Thanks for visiting PBGC’s brand-new blog.

First, we know some of you are asking: Why does PBGC need a blog?

Well, our mission is to protect pensions, and we’re proud of the job we do.

Elsewhere on this website you’ll find tons of information about all aspects of the agency’s work. Important information—often technical, sometimes complicated.

But on this blog, we want to keep it simple.

Here, our communications team will tell PBGC’s story in a conversational way, zeroing in on how we protect retirement security.

We’ll tell you how we work with employers and employees to preserve pension plans. How we make sure retirees get their pensions when companies can’t keep their promises. How we promote our mission to strengthen retirement security.

In addition, we’ll link to the most relevant facts, figures, news stories, and videos about the world of pensions and retirement security. And from time to time we’ll show you the human side of PBGC, by sharing the observations of Director Josh Gotbaum, our in-house pension experts and other members of our staff.

So, welcome, and let’s get down to business.