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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
$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
Federal pension agency could see $71 billion deficit

...Congress' top budget analyst said Thursday. The Pension Benefit Guaranty Corp., which already has a $23.3 billion deficit...that their employer files with the federal Pension Benefit Guaranty Corp., the agency that insures the plans. Currently...

http://chronicle.augusta.com/stories/2005/06/10/bus_455568.shtml
Business
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
Concerned raised about unfunded pension liability

...airlines were called to appear Tuesday before the Senate Finance Committee. Its leaders are alarmed that the Pension Benefit Guaranty Corp. - the federal agency that insures private pension plans - already has a $23.3 billion deficit because...

http://chronicle.augusta.com/stories/2005/06/08/bus_455384.shtml
Business
Pension conversions, freezes impact retirement

...frozen and replaced with worker-funded 401(k) plans. And it's happening with increasing frequency. The Pension Benefit Guaranty Corp., which insures private sector pensions, says the number of covered plans has dropped from a high of 112...

http://chronicle.augusta.com/stories/2005/05/22/fin_453905.shtml
Finance
Gulp! Government may be looking for you!

...more than $100,000 in unclaimed pension money from long-forgotten employers. Eighteen months after the Pension Benefit Guaranty Corp. began an expanded effort to locate such people through the Internet, the federal entity that ensures pensions...

http://chronicle.augusta.com/stories/1998/07/10/bus_232952.shtml
Business
Termination of United Airlines pensions approved

...employees, who stand to lose thousands of dollars annually off their pensions when they are assumed by the Pension Benefit Guaranty Corp. The PBGC, the government's pension insurer, initially opposed United's plan. But it agreed to drop...

http://chronicle.augusta.com/stories/2005/05/11/bus_452787.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
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