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Wide World of Work | Archive | Pensions & Defined Benefit Plans
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PBGC Bails Out Hawker Beechcraft Pension Plans

PBGC Bails Out Hawker Beechcraft Pension Plans

The Pension Benefit Guaranty Corporation (PBGC) will assume benefit payments for more than 9,500 workers and retirees from two of Hawker Beechcraft, Inc.’s pension plans under a bankruptcy court agreement announced Thursday, Jan. 31, 2013. The settlement also includes $2.5 million to those salaried retirees whose benefits exceed those paid by PBGC under rules set […]