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American Airlines plans to cut 13,000 jobs

...and the company said on a new website Wednesday that it could no longer afford them. This week, the U.S. Pension Benefit Guaranty Corp. slapped liens on $91 million in AMR property after the company paid only $6.5 million of a required...

http://chronicle.augusta.com/news/business/2012-02-01/american-airlines-plans-cu
Pension insurer's deficit doubles

...Americans said Friday that its deficit this year nearly doubled to $22 billion. That's an improvement over the Pension Benefit Guaranty Corp.'s midyear record deficit of $33.5 billion, which spiked as automakers and other companies faltered...

http://chronicle.augusta.com/stories/2009/11/14/bus_555736.shtml
Business
Chrysler files for Chapter 11

...a new small car in one of Chrysler's U.S. facilities and to share key technology with Chrysler. - The Pension Benefit Guaranty Corp., the government corporation that insures the benefits of about 44 million workers and retirees, said Thursday...

http://chronicle.augusta.com/stories/2009/05/01/bus_522349.shtml
Business
Let automakers declare bankruptcy

...have been created under new ownership. Yes, there will be pain if the automakers go bankrupt. The federal Pension Benefit Guaranty Corp. (PBGC) may have to foot the bill for the pensions of retired workers if the automakers don't reorganize...

http://chronicle.augusta.com/stories/2008/11/15/let_483553.shtml
Letters
Merger creates pension worries

...workers took steep pay cuts when Northwest was in bankruptcy, the airline did not turn its pensions over to the Pension Benefit Guaranty Corp., the federal agency that insures private pension plans. Airline workers generally see reduced benefits...

http://chronicle.augusta.com/stories/2008/07/31/bus_467694.shtml
Business
$133 million in pensions is waiting to be claimed

...private pension plans reported Tuesday. The Pension Benefit Guaranty Corp. said 32,000 people are owed money. Individual...unclaimed retirement benefits, search the Pension Benefit Guaranty Corp.'s online directory at www.pbgc.gov...

http://chronicle.augusta.com/stories/2007/04/04/bus_123081.shtml
Business
Judge OKs Delta pilots deal

...for both sides, but determined in the end that the agreement was in the best interest of the airline. The Pension Benefit Guaranty Corp. said afterward that it was reviewing its options, including the possibility of an appeal. "It was probably...

http://chronicle.augusta.com/stories/2006/06/01/bus_83663.shtml
Business
Court to rule on Delta deal

...bankruptcy lawyer William Rochelle said. "I know whoever wins, I expect the loser to appeal." The Pension Benefit Guaranty Corp. believes it should get the $650 million note the company has promised the pilots if Delta terminates their...

http://chronicle.augusta.com/stories/2006/05/27/bus_83066.shtml
Business
Nearly one in 10 pension plans frozen, federal study finds

...insured by the federal Pension Benefit Guaranty Corp. in 2003, according...released Wednesday. The Pension Benefit Guaranty Corp., the federal agency...Nearly all were freezes. Pension Benefit Guaranty Corp. officials said the private...

http://chronicle.augusta.com/stories/2005/12/23/bus_35316.shtml
Business
Retired pilots to fight for pensions

...members, including Boeing Co., the Airline Pilots Association, aircraft-engine maker Pratt & Whitney, the Pension Benefit Guaranty Corp, Bank of New York Co. Inc. and Coca-Cola Co. The retired pilots are the third-largest creditor based...

http://chronicle.augusta.com/stories/2005/09/29/bus_7422.shtml
Business