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Home » Archives by category » Topic Categories » Benefits & Compensation » Retirement Benefits » Pensions & Defined Benefit 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 […]
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