The Pension Benefit Guaranty Corporation (PBGC) and Sears Holdings Corporation have reached a new agreement that will provide, upon closing, approximately $500 million in funding for Sears’ two pension plans, including contributions already made by Sears since August 2017. The pension plans cover about 100,000 participants. Closing on the agreement should occur in about 3 […]
Tag: Bill Oxford
The Pension Benefit Guaranty Corporation (PBGC) on October 16 announced a pilot program to offer mediation in some Termination Liability Collection and Early Warning Program (EWP) cases. PBGC’s Pilot Mediation Project will allow parties to resolve cases with the assistance of an independent dispute resolution professional.