US - The Pension Benefit Guaranty Corporation (PBGC) has become trustee of four Kaiser Aluminum & Chemical pension plans, which have a combined deficit of US$9.5m.
The announcement meant the agency, which has an $18.1bn shortfall, assumed three groups of pension plans in just four days. The PBGC assumed the latest plans after a federal appeals court affirm...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date