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The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
PBGC's 2021 annual report reflected the impact of SFA, and the agency reported positive financial positions in both its single-employer and multiemployer insurance programs for the first time in over 20 years. [17] [18] As a result, the Government Accountability Office (GAO) removed PBGC from its High-Risk List for the first time since 2003. [19]
The Pension Protection Act cracks down on supporting organizations, particularly Type III supporting organizations. The Act applies further regulations and penalties that takes away several of the privileges that supporting organizations have over private foundations, such as applying private foundation law of excess benefit transactions, excess business holding rules, and pay out requirements.
It also adds U.S. companies PVH Corp. and Illumina Inc to its unreliable entities list and launches a probe into U.S. technology company Google for alleged anti-trust violations. (The Guardian) Iran–United States relations. U.S. President Donald Trump signs a presidential memorandum reimposing a policy of maximum pressure against Iran.
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Gravitational wave events are named starting with the prefix GW, while observations that trigger an event alert but have not (yet) been confirmed are named starting with the prefix S. [8] Six digits then indicate the date of the event, with the two first digits representing the year, the two middle digits the month and two final digits the day ...
Congress this week passed the Respect for Marriage Act, a bill that will extend federal protections for same-sex and interracial marriages, capping off an overwhelming shift by an institution that ...