Stay informed with our latest news and important announcements including: press releases, media appearances, testimonies, policy and congressional updates.
PBGC to pay pension benefits for three First Brands plans
Press Release
WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced that it is taking action to assume responsibility for three pension plans sponsored by affiliates of First Brands Group, LLC (First Brands). First Brands is a supplier of aftermarket automotive parts headquartered in Cleveland, Ohio. As of September 28, 2025, First...
PBGC provides compliance assistance with QDRO Practical Guide
Press Release
WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today released Qualified Domestic Relations Orders: A Practical Guide to Dividing PBGC Benefits in Divorce. The new guide is intended for participants and alternate payees in PBGC-trusteed pension plans. “The QDRO Practical Guide is intended to be a resource for those navigating...
PBGC relaunches Opinion Letter Program to expand compliance assistance
Press Release
WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today announced the relaunch of its Opinion Letter Program. This initiative provides meaningful compliance assistance to the public by answering questions about how PBGC would apply the law to specific factual circumstances. “The Opinion Letter Program is a crucial tool in the...
