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PBGC limits/ guarantees

Don’t Let Companies Slash Pension Payments

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There is something about pensions that makes their sponsors just want to say no. For months we have been reading about cities and states failing to pay what is due into employee pension funds. Now corporate America is getting into the act.

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American Air pension battle may spread

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American Airlines wants to terminate the pensions of 130,000 workers as part of its bankruptcy proceeding. The move would be good for the company's balance sheet, but would it be good for America?

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American Airlines pension default Q&A

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American Airlines is heading toward the largest default of a defined-benefit pension plan in U.S. history.

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Retiree benefit cuts a given; which ones?

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Retiree benefits aren't as secure as they used to be, as auto and airline workers and others have learned in recent years.

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Workers fight switch to church pension plans

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The Employee Retirement Income Security Act, known as ERISA, regulates most private-sector pensions. But it has always exempted plans operated directly by churches for their clergy and employees to make it easier for the churches to operate their plans.

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N.J. workers at religious institutions fear change threatens pensions

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Tens of thousands of current and former employees at scores of religiously affiliated institutions across the country face the same fear, as nonprofits increasingly seek refuge in "church" pension plans to escape onerous financial obligations, according to Eric Loi, an attorney at the Washington D.C.-based Pension Rights Center.

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AMR Bankruptcy Upends (Family) Financial Planning

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The recent bankruptcy filing by American Airlines' parent, AMR Corp., cast clouds over the best-laid financial plans of many of the carrier's employees. Among the issues up in the air: pensions, benefits and job security.

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[UPDATED] American Airlines’ bankruptcy – what does it mean for its pensions?

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No doubt you’ve heard that American Airlines has filed for bankruptcy. The airline has four underfunded pension plans, and their fate is the source of much speculation. Despite meetings the company has held with employees to discuss their pensions, workers remain concerned.

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Filing Puts Pension Benefits at Risk

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The parent of American Airlines had been trying to renegotiate pay and work rules for pilots in the weeks before Tuesday's Chapter 11 bankruptcy filing. Now, pension benefits could be at risk.

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PBGC raises maximum annual benefit to nearly $56,000

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The Pension Benefit Guaranty Corp. announced Wednesday that the maximum benefit retirees can receive from the agency will increase by $2,000 in 2012, to $55,841.

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