US - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for the pensions of more than 500 employees and retirees of the Jane Addams Hull House Association in Chicago.
After determining that the non-profit community service organization would be unable to generate enough funds from operations or financing to cover accumulated pension funding deficiencies, pay its...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
