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This page has not been translated. Please go to PBGC.gov's Spanish home page for more information available in Spanish.

Esta página no ha sido traducida. Por favor vaya a la página principal del sitio de español de PBGC para ver información disponible en español.

# Press Room

### 2016

                                -  Sep19  PBGC Proposes Expanded Missing Participants Program to Include Terminated 401(k) and Other Plans
WASHINGTON -  The Pension Benefit Guaranty Corporation is proposing to expand its existing Missing Participants Program to cover terminated 401(k) and most other defined contribution plans and certain defined benefit plans that aren't currently covered by the program.
- Press Release:                       16-13 
 

                                -  Jul21  PBGC Announces Brenecia Watson as Director of Equal Employment Opportunity
WASHINGTON - The Pension Benefit Guaranty Corporation announced the arrival of Brenecia Watson, who will expand PBGC's efforts to build a diverse workforce and maintain a discrimination-free, inclusive work environment. As the new Director of Equal Employment Opportunity, she oversees a range of initiatives that include integrating EEO principles into PBGC practices, training, and conflict resolution.
- Press Release:                       16-12 
 

                                -  Jul19  President Names Babette A. Ceccotti to PBGC Advisory Committee
WASHINGTON - President Obama has appointed Babette A. Ceccotti to serve as a member of the Advisory Committee of the Pension Benefit Guaranty Corporation. She will serve as a member representing the interests of employee organizations.
- Press Release:                       16-11 
 

                                -  Jul6  President Names Joyce M. St. Clair to PBGC Advisory Committee
WASHINGTON - President Obama has appointed Joyce M. St. Clair to serve as a member of the Advisory Committee of the Pension Benefit Guaranty Corporation.

"Joyce has a deep background in the financial services sector, serving in senior leadership positions both here and abroad," said PBGC Director Tom Reeder. "She will be a welcome addition to the Advisory Committee, and we look forward to working with her."
- Press Release:                       16-10 
 

                                -  Jun17  PBGC Reports -- Multiemployer Program Needs Substantial Premium Increases; Single-Employer Program Likely to Eliminate Deficit by 2025
WASHINGTON - The Pension Benefit Guaranty Corporation today issued two reports on the prospects of PBGC's insurance programs, the Projections Report and the MPRA Report.
- Press Release:                       16-09 
 

                                -  Jun10  PBGC Selects Firms for Smaller Asset Manager Pilot Program
WASHINGTON - The Pension Benefit Guaranty Corporation selected five investment management firms to participate in its pilot program for Smaller Asset Managers.
- Press Release:                       16-08 
 

                                -  Jun2  PBGC Proposes Rule to Facilitate Mergers of Multiemployer Pension Plans
WASHINGTON - The Pension Benefit Guaranty Corporation (PBGC) is proposing a rule to facilitate mergers of multiemployer pension plans. Mergers are a way some plans can preserve and protect the benefits earned by workers and retirees.
- Press Release:                       16-07 
 

                                -  May6  President Names Henry C. Eickelberg to PBGC Advisory Committee
WASHINGTON - President Obama has appointed Henry C. Eickelberg to serve as a member of the Advisory Committee of the Pension Benefit Guaranty Corporation. He is charged with representing the interests of employers.

"Henry's expertise and background in employee benefits and human resources make him a good fit for the Advisory Committee," said PBGC Director Tom Reeder. "We look forward to working with him on ways to better serve our customers, including the employer community."
- Press Release:                       16-06 
 

                                -  Apr27  PBGC Takes Steps to Reduce Premium Penalties
WASHINGTON - The Pension Benefit Guaranty Corporation is proposing to cut penalties for late payment of premiums in an effort to reduce costs and make it easier for plan sponsors to maintain traditional pension plans.

As PBGC premiums have risen, so have the penalties.

 "We think penalties should be no more than necessary to encourage timely payments," said PBGC Director Tom Reeder. "I'm committed to doing everything I can to help companies keep their pension plans."
- Press Release:                       16-05 
 

                                -  Mar31  PBGC Report: Multiemployer Program will require significant Additional Premiums
WASHINGTON - The Pension Benefit Guaranty Corporation today issued its study of revenues needed for PBGC to continue to protect participants in multiemployer plans that are likely to run out of money. (Insurance of Multiemployer Pension Plans: A Five Year Report)
- Press Release:                       16-04 
 

                                -  Mar18  PBGC, Sears Reach Agreement on Financial Protection for Pension Plan 
WASHINGTON - The Pension Benefit Guaranty Corporation and Sears Holdings Corp. have reached a final agreement that provides substantial protections for the Sears pension plan, which covers nearly 200,000 people.  A tentative arrangement was first announced in September 2015. After extensive talks, the agreement is now final.
- Press Release:                       16-03 
 

                                -  Mar17  PBGC to Pay Pension Benefits for A&P Grocery Chain Employees
WASHINGTON — The Pension Benefit Guaranty Corporation will pay retirement benefits for more than 21,000 current and future retirees of the Great Atlantic & Pacific Tea Co., a supermarket chain based in Montvale, N.J., that is commonly known as A&P.

PBGC is stepping in because A&P has sold the majority of its assets in bankruptcy proceedings and most of the buyers declined to keep the plans going. The three plans that PBGC will assume ended on Nov. 30, 2015.
- Press Release:                       16-02 
 

                                -  Mar4  PBGC to Restore RG Steel Pension Plans to Renco Group
WASHINGTON - The Pension Benefit Guaranty Corporation today announced an agreement that restores two pension plans to The Renco Group Inc., a privately held investment holding company based in New York City.
- Press Release:                       16-01 
 

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##           PBGC Press Contacts      

### **Communications & Public Affairs**

Phone: (202) 229-4343

Fax: (202) 229-4344

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