Pension - news and investigations | The Center for Public Integrity

No guarantees at the Pension Benefit Guaranty Corporation

By John Solomon

May 3, 2010

Last November, the federal corporation charged with protecting Americans’ retirement funds issued an ominous public warning: the amount of p

Excerpts from this story referencing "Pension":

"… sk inside failing companies had more than tripled during the recession.The Pension Benefit Guaranty Corporation’s announcement signaled it might need tens …"

Geithner's threat to tap congressional retirement funds rings hollow

By John Aloysius Farrell

May 19, 2011

Don't worry if Treasury is tapping the G Fund; it'll be paid back in full

Senior Dem calls for more oversight of pension entity after Center uncovers weakness

By John Solomon

May 5, 2010

Senate Aging Committee Chairman Herb Kohl says a Center for Public Integrity investigation that uncovered security, management and procureme

Excerpts from this story referencing "Pension":

"… that uncovered security, management and procurement weaknesses inside the Pension Benefit Guaranty Corp. (PBGC) provides fresh evidence that lawmakers need …"

U.S. agency insuring pensions needs bigger, more active board

By Julie Vorman

December 3, 2010

The three-member board of directors overseeing the federal corporation that insures traditional pensions of 44 million American workers is t

Excerpts from this story referencing "Pension":

"… financial markets worldwide, the Government Accountability Office says.The Pension Benefit Guaranty Corp’s (PBGC) management and security weaknesses were s …"

DOE pension obligation to contractors has more than doubled

By Laurel Adams

June 1, 2011

Energy's antiquated contractor system leaves taxpayers footing pension bills

Pension insurer criticized for switching investment strategies too frequently

By Alexandra Duszak

August 1, 2011

Insurer of traditional pensions has changed investment strategies too often

Excerpts from this story referencing "Pension":

"… red from terminated plans and investment income earned on those assets. …"

Borrower Nightmares: Navy pension signed over as collateral for costly quick cash

By Jason McLure

August 19, 2011

Retired Navy doctor will pay eventual $242,000 for pension "loan" of $92,000

Excerpts from this story referencing "Pension":

"… s Co., which does business as Retired Military Financial Services and U.S. Pension Funding., said it has given Pension “buy-outs” to nearly 500 retired a …"