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...Top stories today Labour vows to restore pension allowance | The UK’s opposition Labour party has vowed to reverse a government policy to scrap a £1mn lifetime allowance on tax-free pension contributions...
...But rather than specify the actuarial details of how the rescue would work, the congressional sponsors and the administration left this job to the experts at the Pension Benefit Guaranty Corporation, a US...
...and taken over by the US government’s Pension Benefit Guaranty Corporation....
...The new company shed crippling pension liabilities to the US government’s Pension Benefit Guaranty Corporation and struck a new labour contract that cut miners’ pay by 20 per cent....
...Americans must plead their case to the Pension Benefit Guaranty Corporation and be grateful for any crumbs doled out. Harvey Clark Greisman Wilmington, DE, US...
...There were fears that the additional leverage from a private equity takeover could provoke action from the US pension watchdog, the Pension Benefit Guaranty Corporation....
...The perilous state of pension finances in general was underscored in August 2019 by the Pension Benefit Guaranty Corporation, which insures the US retirement systems against insolvency....
...Set up in 1974, the Pension Benefit Guaranty Corporation (PBGC) was designed to protect and insure the pension benefits promised by private companies....
...McClatchy is proposing the US government’s Pension Benefit Guaranty Corporation take over its retirement plan....
...Some protection is offered under the Pension Benefit Guaranty Corporation, established in 1974 as an independent federal agency to rescue insolvent funds....
...“When things are difficult, does this mean not cutting the headcount because that hurts morale?” Mr Baig asked pointedly....
...An early paper published by the Rand Corporation is The Prediction of Social and Technological Events (1949)....
...This is a gift from someone, maybe savers and DB pension systems....
...The Pension Benefit Guaranty Corporation, the US pension safety net, predicts that its multi-employer programme will almost certainly be insolvent by the end of 2025....
...Ms Rodell worries that this could undermine morale and hit staff retention. Plans to introduce an incentive compensation scheme for investment staff have been scrapped....
...The biggest unsecured creditor is Pension Benefit Guaranty Corp, the US government agency that insures pensions, but the sum it is owed is classified in court documents as “unknown”....
...Mr Kandarian — the former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — said the episode was “especially distressing to me” and “deeply embarrassing...
...The problems at MetLife — which is headed by Steven Kandarian, former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — involve pensions risk transfer...
...Companies also face a higher penalty on their unfunded pension plans from the Pension Benefit Guaranty Corporation....
...South Africa’s Public Investment Corporation, the government pension fund manager, had agreed to buy shares representing 7 per cent of BAGL in the offering on top of its existing 7 per cent stake — making...
...Receive too many claims and the scheme may run out of money, as seems to be happening to its US equivalent, the Pensions Benefit Guaranty Corporation....
...The federal Pension Benefits Guaranty Corporation can step in to demand cash payments into underfunded pension funds in certain M&A or restructuring situations, as it has in deals by Motorola, Saint Gobain...
...Tim Sturrock is a reporter on Fundfire, an FT news service ——————————————- Trouble ahead: PBGC could be insolvent by 2024 The Pension Benefit Guaranty Corporation protects the retirement incomes of more...
...We’re also opening negotiations on a city deal with Edinburgh; we back the new V&A in Dundee....
...We’ll also stop paying housing benefit and pension credit payments to people who’ve left the country for more than a month....
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