House Launches Probe of PBGC Pension Bailout

A House Committee alleges the PBGC allowed over $127 million to flow to deceased pension-plan participants; the PBGC asserts funds were not "improperly" paid.

By Joel Kranc | January 19, 2024 at 10:51 AM

Late last year, as part of the American Rescue Plan, Joe Biden injected nearly $36 billion to help the troubled Central States Pension Plan. Now, a bizarre twist has emerged.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
Educational webcasts, white papers, and ebooks from industry thought leaders
Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

NOT FOR REPRINT

Pension Management

News

1 2025 Alexander Hamilton Award Finalists

2 2024 Alexander Hamilton Awards: Operational Risk Management

3 2024 Alexander Hamilton Awards: Financial Risk Management

4 Producer Prices Rise, Risking Pressure in Fed’s Favored Gauge

5 Companies Are Already Exiting China to Avoid Trump Tariffs

Real Estate
GlobeSt. Healthcare Real Estate 2024
December 02, 2024 - Scottsdale

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!
More Information
Insurance
ThinkAdvisor LUMINARIES Awards 2024
December 11, 2024 - Las Vegas

This event shines a spotlight on how individuals and firms are changing the investment advisory industry where it matters most.
More Information
Insurance
Complex Claims & Litigation Forum 2025
February 24, 2025 - Las Vegas

This conference aims to help insurers and litigators better manage complex claims and litigation.
More Information

DOL's ESG Investing Rule Challenge Sent back to Lower Court

By Lynn Cavanaugh | July 24, 2024

Because the Supreme Court overturned 40 years of federal agency deference, the ESG case is headed back to the Texas judge who originally heard it.

DOL's ESG Investing Rule Challenge Sent back to Lower Court

AT&T Seeks to Dismiss Lawsuits Targeting Pension Risk Transfers for 96,000 Participants

By Lynn Cavanaugh | June 14, 2024

Retirees claim that AT&T selected a "risky" insurer to conduct the $8.05 billion transfer of plan assets, but the company claims it is not responsible for a decision made by its independent fiduciary.

AT&T Seeks to Dismiss Lawsuits Targeting Pension Risk Transfers for 96,000 Participants

Cyberattacks Are on the Rise: Plan Sponsors, Is Your Retirement Plan Protected?

By Gary S. Young & Patrick A. DaSilva | March 20, 2024

As cyberattacks become more and more commonplace, plan sponsors need to take steps to defray unwanted liability.

Cyberattacks Are on the Rise: Plan Sponsors, Is Your Retirement Plan Protected?

Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
Exclusive discounts on ALM and Treasury & Risk events.
Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now

Instant Insights /