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A service for political professionals · Thursday, November 14, 2019 · 502,184,904 Articles · 3+ Million Readers
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Pension Benefit Guaranty Corporation News Monitoring

  • Published on Nov 11, 2019

    Digging more into pension dilemmas

    Q: Last week you responded to a reader asking whether they should take their company’s offer of a lump sum of money in exchange for giving up their pension plan. You advised the writer not to worry about the company’s health when making their decision …

    Source: Gainesville Sun
  • Published on Nov 7, 2019

    Deal is reached on miner pensions

    CHARLESTON — A bipartisan agreement has been reached on a bill to help shore up the pension plan for miners, West Virginia’s two U.S. senators announced Wednesday. Sens. Joe Manchin, D-W.Va., and Shelley Moore Capito, R-W.Va., said there was bipartisan …

    Source: The Herald Star
  • Published on Nov 6, 2019

    Red Flags Abound At Bankrupt Rhode Island St. Joseph Health Services Church Pension

    "I See Dead People" is a memorable quote whispered by the child protagonist from the 1999 supernatural horror film, The Sixth Sense. E364589 08: Cole Plays A Boy Posssesed By Supernatural Visions And Paranormal Powers. 8-Year-Old ... [+] Haley …

    Source: Forbes
  • Published on Nov 4, 2019

    Murray Energy’s Bankruptcy Could Bring Collapse Of Coal Miners’ Pensions

    The recent bankruptcy of Ohio Valley coal giant Murray Energy has renewed fears about the already shaky financial foundations of the pension plan that tens of thousands of miners and their families depend upon. The seismic collapse of yet another coal …

    Source: WFPL
  • Published on Nov 2, 2019

    Coal Mine Workers Pension “Death” Deserves an Autopsy—Join Online Petition

    A forensic review of the endangered mine workers pension should be undertaken immediately. Workers and retirees deserve answers and once the Pension Benefit Guaranty Corporation takes over the plan, it will be too late.   The bankruptcy of Murray Energy, …

    Source: Forbes
  • Published on Nov 1, 2019

    'Nervous and scared.' Coal workers fear for pensions after Murray Energy bankruptcy

    "I was a proud, hard-working coal miner my entire life. With the stroke of a pen, they're going to cut my healthcare," the 76-year-old retiree told CNN Business. Kacsmar never worked a day for Murray Energy, the mining giant founded by coal …

    Source: CNN
  • Published on Nov 6, 2019

    Should You Take Your Employer’s Lump Sum Offer To Protect Against Their Future Bankruptcy?

    Going out of business?GettyNo! That was easy. But I was asked that question privately and it seems worth answering publicly, as I’d read (and written) previously that survey data shows people taking lump sums because they fear exactly this: that a bird in …

    Source: Forbes
  • Published on Oct 20, 2019

    How Much Is GE Shortchanging Pensioners Taking Lump Sums? Use Our Calculator

    Don’t take an employer’s up-front cash before doing a value check. GEAFP/Getty ImagesDesperate General Electric is cleaning up its balance sheet. One method: let 100,000 ex-employees give up valuable pensions in return for lump sums. Stingy lump sums. …

    Source: Forbes
  • Published on Oct 17, 2019

    Union workers urge Senate to pass pension protections

    WASHINGTON (Nexstar) — A group of Democratic Senators continue to sound the alarm, saying that the pension you will one day depend upon could be at risk.   That’s because the Pension Benefit Guaranty Corporation, the government agency that insures private …

    Source: WTEN
  • Published on Oct 16, 2019

    Manchin, Senators host press conference regarding legislation to protect multi-employer pension

    WASHINGTON, D.C. – Senator Joe Manchin hosted a press conference with a group of senators on Wednesday about legislation to protect and secure multi-employer pensions for American workers, including West Virginia coal miners through the American Miners Act …

    Source: WBOY-TV
  • Published on Oct 19, 2019

    This nurse worked more than 30 years at the same hospital. Then the pension plan went bust.

    Aikens-English said she stayed on at the hospital, which largely served the indigent, because she loved the work and the people. She also counted on her loyalty netting her a monthly pension check. “We would get letters each year saying how much money you …

    Source: The Washington Post
  • Published on Oct 10, 2019

    GE’s Pension Freeze: Will It Help Right the Ship?

    General Electric’s recent decision to freeze and otherwise alter pension benefits for employees is in some ways symbolic of the decades-long march by major companies away from traditional defined benefit plans, where employers guarantee a specific …

    Source: Knowledge@Wharton
  • Published on Oct 7, 2019

    Local newspapers wait anxiously for pension funding relief

    Local newspapers serving communities from Tampa, Florida, to Walla Walla, Washington, say they’re under the gun from a pension funding “cliff” they face next year that will make them have to rapidly catch up on required contributions, exacerbating their …

    Source: Roll Call
  • Published on Oct 7, 2019

    GE freezes worker pensions — what to do if your employer changes the terms of your retirement plan

    General Electric is pulling the plug on its pension plan, and that’s a surefire way to derail workers’ retirement planning. GE GE, +0.18%  announced on Monday it was freezing pensions for 20,000 employees with salaried benefits in an attempt to reduce its …

    Source: MarketWatch
  • Published on Oct 31, 2019

    Six Reasons A Lump-Sum Can Look Good And Five Reasons It Might Not

    Lump-Sum Options present questions that deserve careful consideration.GettyRecent changes by the IRS have perked up interest in companies offering lump-sums to recipients of monthly defined benefit pensions. Most recently, General Electric (GE) announced …

    Source: Forbes
  • Published on Oct 31, 2019

    Bankruptcy spawns pension worries

    CHARLESTON — With the announcement Tuesday morning by Murray Energy Corp. that the company was filing for Chapter 11 bankruptcy, congressional and state officials are concerned about being on the hook for miners’ pensions and severance tax payments. Murray …

    Source: The Herald Star
  • Published on Oct 30, 2019

    Bankruptcy Of Major Coal Company Is Terrible For Retired Miners

    Retired coal miners got the news Tuesday that they’ve feared for years: Murray Energy has filed for bankruptcy. The biggest privately owned coal company in the U.S., Murray is the eighth coal company to seek Chapter 11 protection this year alone, according …

    Source: Politics Daily
  • Published on Oct 28, 2019

    Building Government-Backed Programs Into Your Retirement Planning

    Many of us near retirement or in retirement love to hate the government. But if we’re honest with ourselves, we also love the retirement benefits the government provides. This is probably attributable to how government programs stack up against other …

    Source: Forbes
  • Published on Oct 28, 2019

    Armstrong World Industries Reports Third Quarter 2019 Results

    Key Highlights Net sales of $277.1 million, up 6% versus the prior year quarter Operating income of $113.3 million, up 39% versus the prior year quarter Adjusted EBITDA grew 13% versus the prior year quarter Adjusted EPS grew 20% versus the prior year …

    Distribution channels: Business & Economy, Consumer Goods ...
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