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.

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Pension Management

News

1 Fed Lowers Interest Rates by a Quarter Point

2 Fabricating a Treasury Function from Scratch to Support an $18 Billion Business

3 U.S.–Euro Rates Gap Is Set to Widen Again

4 Subway Builds a Fast, Fresh Approach to Treasury

5 Tariff Inflation Will Likely Be Transitory

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April 01, 2025 - New York

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How to Hedge the Interest Rate Exposure in Cash Balance Plans

By John Southall and Andrew Carter and Sabrina Ren | November 21, 2024

Many companies mitigate the interest rate risk of their cash balance plans with floors using a binary approach. Here’s a better option.

How to Hedge the Interest Rate Exposure in Cash Balance Plans

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

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