US - The Pension Benefit Guaranty Corporation (PBGC) has stepped in protect the pensions of more then 900 former employees of two underfunded pension plans.
In the first case, the PBGC assumed responsibility for a plan covering 464 former employees of Oklahoma Fixture Company, a bankrupt manufacturer of retail store fixtures and architectural woodwork....
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
