Guaranty Corporation

A federal agency's decision to take over Bethlehem Steel pension plans today could scuttle Steel's merger with International Steel Group, officials from both companies said Tuesday. The government-run U.S. Pension Benefit Guaranty Corp. said Monday...

Few topics will make the public's collective eyes glaze over quicker than insurance regulation. So here's your wake-up call: Bailing out two defunct Pennsylvania insurers will cost more than $1 billion, and you are going to help pay. Those two leave...

WASHINGTON - The Senate brushed aside warnings of a presidential veto yesterday and advanced toward passage of legislation to ease pension plan payments for thousands of companies and to give special relief to a few. Senators voted 67-25 to reject an...

Bob Solomon turns 65 soon, which will force him to make pivotal financial choices about his pension plan. His employer, National Distributing Co., offers a defined-benefit pension--the kind that provides a monthly income for life. At age 65, employees--...

Key Pension Questions While 401(k) plans (defined contribution plans) are relatively easy to understand--you get out what you and your company put in, plus whatever you earned on your savings in the meantime--traditional defined benefit pensions can...

United Airlines, whose internecine worker-management strife contributed to its downfall, now finds that its beleaguered unions will play a significant role in shaping the way the company will reinvent itself. On Friday, the Association of Flight...

In federal court, Bethlehem noted that its debt, at $4.5 billion, was $300 million more than the value of all of its assets. Bankruptcy would give the company a chance to reorganize and provide new hope for a merger with another company. But the result,...

The traditional corporate pension, which gives workers a guaranteed paycheck in retirement, has rarely looked more attractive--or been more endangered, pension experts say. The Enron Corp. scandal and losses in 401(k) accounts have raised questions about...

A bankruptcy judge in Chicago ruled Tuesday that a federal agency can take over United Airlines' pension plans, allowing the carrier to walk away from nearly $10 billion in unfunded liabilities, the largest pension default in U.S. history. It helps...

WASHINGTON — Last week's court decision permitting United Airlines' parent to dump its pensions on the federal government is part of a sweeping trend that could make the nation's employers more competitive, but at the cost of leaving workers and...

Bill Latishaw never thought he'd see the fall of the giant Bethlehem Steel. Now a proposed takeover by International Steel Group of Cleveland might revive the working parts of the Bethlehem company, and alter some of his retirement plans. "It's tragic...

United Airlines hopes to complete a new business plan within two months, including a decision on whether to terminate its pension plans, the company told employees Wednesday. The statement came as part of a "pension primer" letting employees know what...