TITLE

Ailing WPS Pension Fund Taken Over

PUB. DATE
September 2005
SOURCE
Home Textiles Today;9/5/2005, Vol. 26 Issue 47, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the Pension Benefits Guaranty Corp. (PBGC) has assumed responsibility for the pensions of workers and retirees of the bankrupt WestPoint Stevens Inc. (WPS). Percentage of the pension plans of WPS that are underfunded; Totality of the assets to cover in benefit promises; Effort of the PBGC to ensure workers and retirees can be covered by the pension plans up to the limits set by law.
ACCESSION #
18192449

 

Related Articles

  • Pre-ERISA pension losers not forgotten. Anand, Vineeta // Pensions & Investments;8/22/1994, Vol. 22 Issue 17, p25 

    Reports on the efforts to provide retirement benefits to employees who lost vested benefits before the enactment of the Employee Retirement Income Security Act (ERISA). Failure of ERISA to provide retroactive protection to workers prior to the creation of the Pension Benefit Guaranty Corp.;...

  • PBGC bailout clouds benchmark change. Anand, Vineeta // Pensions & Investments;2/3/2003, Vol. 31 Issue 3, p3 

    Reports on effect of U.S. President George W. Bush administration's efforts to bail out pension fund Pension Benefit Guaranty Corp. (PBGC) on corporate plan sponsors' campaign to replace 30-year Treasury bond as benchmark for funding pension plans. Criticism on administration's efforts; Plans...

  • Plan sponsors get regulatory relief. GEISEL, JERRY // Business Insurance;9/19/2011, Vol. 45 Issue 36, p3 

    The article reports on the announcement that the sponsors of pension plan premium in the U.S. will receive regulatory relief as insurer Pension Benefit Guaranty make it the initial step in reducing the problems that they experienced with regards to defined benefit plans.

  • Chipping away at pension debt. Martinez, Michelle Neely // HRMagazine;Feb95, Vol. 40 Issue 2, p24 

    Reports on the companies which moved off the underfunded list of Pension Benefit Guaranty Corporation (PBGC). Results of improvement of pension funding; Percentage of underfunding growth at Pension Benefit; Remarks of PBGC chairman Robert Reich.

  • Net helps PBGC find people.  // Pensions & Investments;7/27/1998, Vol. 26 Issue 15, p28 

    Reports that thousands of people who were owed more than $4 million collectively in pension benefits will be reimbursed by the Pension Benefit Guaranty Corporation (PBGC). How these people were found through the use of PBGC's `Pension Search Director' on the Internet; Number of persons the...

  • Pension plan underfunding increases 34% to $71 billion. Hofmann, Mark A. // Business Insurance;12/12/94, Vol. 28 Issue 50, p3 

    Reports on the continued increase of underfunding in single-employer pension plans in the United States. Findings of the Pension Benefit Guaranty Corporation; Industries with significant underfunding; Statistics for 1992-1993.

  • Pension errors cut retiree pay.  // Christian Science Monitor;6/18/97, Vol. 89 Issue 142, p9 

    Discusses the findings of an audit by the Federal Pension Benefit Guaranty Corporation which showed that numerous Americans do not receive their full pension benefits. Reasons for this; Details on the audit; Experience of Arkansas resident Edwin Witort.

  • PBGC's top 50 list a flawed reflection. Limbacher, Patricia B. // Pensions & Investments;12/12/1994, Vol. 22 Issue 25, p4 

    Claims that the Pension Benefit Guaranty Corp.'s 1993 annual report on companies in the United States with the worst funded pension plans is flawed. Overly conservative interest rate assumption used in valuing liabilities; Exclusion of contributions made for the 1994 plan year; Examples of...

  • Tell it to the PBGC via cyberspace. Anand, Vineeta // Pensions & Investments;5/18/1998, Vol. 26 Issue 10, p8 

    Reports on the use of the Internet by companies to notify the Pension Benefit Guaranty Corporation (PBGC) on issues pertaining to their pension plans. Details on the information communicated via the Internet to the PBGC; Information on PBGC; Comments from the executive director of PBGC, David...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics