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The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
The average claim paid out is roughly between $50 and $100 with the comptroller’s office returning more than $1.5 million daily, officials said.
Oaktree's clientele includes 65 of the 100 largest U.S. pension plans, 40 state retirement plans in the United States, over 500 corporations and/or their pension funds, over 275 university, charitable and other endowments and foundations, and 16 sovereign wealth funds.
In 2009, as a result of its bankruptcy agreement, "Delphi surrendered its pension obligations to the Pension Benefit Guaranty Corporation." A group of about 20,000 salaried employees, principally in Ohio , Michigan , New York and Indiana , have been involved in litigation since then seeking restoration of their full pension rights.
The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families".
On January 28, the federal government-operated Pension Benefit Guaranty Corporation announced that they were not in favor of the current Sears Holding agreement with Lampert since that agreement would create a $1.7 billion funding gap in the employee pension fund that would require the American tax-payers to cover the shortfall. [20]
Sentinel says it prefers to invest between $10 million and $75 million in businesses having enterprise values between $25 million and $250 million, and EBITDA between $7 million and $65 million. While most of its deal involve Sentinel being the majority-investor, it co-invests selectively.