Pension Benefit Guaranty Corp.

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  Conn. legislature mulls worker retirement access

  By Stephen Singer  |  May 8, 2013

  Connecticut’s private sector workers would have access to state-run retirement plans under legislation moving through the General Assembly.

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  Wilshire: 94% of pension plans underfunded

  By John Sullivan, AdvisorOne  |  April 12, 2013

  A $282.3 billion funding shortfall at the beginning of the year has expanded to a $342.5 billion.

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  Lawsuit over Verizon pensions goes class action

  By AP Staff Writer  |  April 2, 2013

  A federal judge in Dallas ruled that the lawsuit met the conditions for a class action.

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  Verizon retirees sue to stop transfer of pensions

  By Peter Svensson, AP Business Writer  |  November 29, 2012

  The group says they will have weaker protections when their pensions are transferred into annuities.

• How CEOs and politicians messed up pensions

  By Richard Hoe, ChFC, CLU, AEP  |  September 1, 2012

  Employers argue that employees began changing jobs more often and wanted portability — the ability to move pension money from place to place — but that contention doesn’t explain the shift from defined benefit to defined contribution.

• Are we lying to ourselves about our pension problems? (TIME)

  By Staff Writer  |  June 28, 2012

  The Governmental Accounting Standards Board is changing the bookkeeping rules so new pension plan reporting better reflects reality.

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  Shenandoah Life Successfully Exits Receivership

  By Noah Guillaume  |  May 9, 2012

  After three years in receivership, Shenandoah Life Insurance Co. made a successful exit following a $60 million capital infusion from Prosperity Life Insurance Group LLC. Hans Carstensen, former head of Aviva Life, has been named president and CEO.

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  Obama's 2013 Budget Calls for Stronger Defined Benefit Pension System

  By Elizabeth D. Festa  |  February 13, 2012

  The President's 2013 budget proposal seeks to give the board of the Pension Benefit Guaranty Corp. (PBGC) authority to adjust premiums and evaluate risks, to keep it viable for the times when plans fail.

• SOA Study: Private Pension Costs are on the Rise

  By Warren S. Hersch  |  October 7, 2011

  SOA calls for realigning the pension regulatory structure to reduce sensitivity to economic cycles and to make private pension plan benefits more secure for employees and retirees.

• Obama Team Targets Estate Tax, DRD, COLI, Life Settlements

  By Arthur D. Postal  |  September 19, 2011

  The Obama administration has unveiled a deficit reduction package that could impose a $6 billion hit on corporate-owned life insurance arrangements and raise $866 billion by turning the federal estate tax clock back to 2009.