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Plan termination

Pension Authorities Sue Dewey Seeking Termination of Dewey Retirement Plans

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On Monday, in a new turn of events adding to the despair of Dewey & LeBoeuf employees, the Pension Benefit Guaranty Corp has filed a lawsuit against the firm in a federal court in Manhattan. The federally-owned U.S. government corporation is seeking a decree to terminate a big number of Dewey retirement plans.

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Pension promises prove to be empty

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Pension. Remember when that word provided a sense of financial security to loyal, dedicated workers who toiled for many years, even decades, for the same company? Not anymore.

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Countering the Retirement Crisis

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To help counter the growing retirement crisis for today's workers, the Pension Benefit Guaranty Corp. has recently begun to spotlight its often-unnoticed mission "to encourage and preserve retirement plans of U.S. companies."

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Point Man on Pensions

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Josh Gotbaum scored a coup last month for the obscure-but-important federal agency he runs when American Airlines parent AMR Corp. reversed plans to dump its underfunded pension plans on the Pension Benefit Guaranty Corp.

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Safeguard Your Pension Benefits in Retirement

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The Pension Counseling and Information Projects are mentioned in this Morningstar column, which offers advice on protecting your pension benefits.

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Can we call it a comeback...for DB plans?

Blog entry

I hope so. According to a newly-released Towers Watson survey, it looks like defined benefit pension plans are making a comeback – especially among younger workers. 

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A New Life for Pension Plans

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Bucking the 401(k) trend, one union moves to a new type of defined-benefit plan in which employers and employees share the risk.

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Pension funding changes could offer some relief

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Help welcome, but some seeing risky possibilities

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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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