Jesus -
“PBGC currently protects the retirement security of about 31 million American workers in private sector pension plans.”
“PBGC currently protects the retirement security of about 31 million American workers in private sector pension plans.”
May 19, 2025 at 8:35 PM
Jesus -
“PBGC currently protects the retirement security of about 31 million American workers in private sector pension plans.”
“PBGC currently protects the retirement security of about 31 million American workers in private sector pension plans.”
The PBGC manages the Pension funds of companies that have gone bankrupt. I get a PBGC pension. What is DOGE doing there? You go through a lot to get your pension benefits. Doubt there is fraud and abuse to be found.
May 19, 2025 at 11:01 PM
The PBGC manages the Pension funds of companies that have gone bankrupt. I get a PBGC pension. What is DOGE doing there? You go through a lot to get your pension benefits. Doubt there is fraud and abuse to be found.
Hubby – who retired 10 years ago from the Pension Benefit Guaranty Corp. as a pension actuary – can talk your ear off about this. While the PBGC (like the FDIC) is only supposed to pay out from money collected from the pension funds, US taxpayers have ponyed up to bail out the PBGC in the past.
December 12, 2025 at 2:09 AM
Hubby – who retired 10 years ago from the Pension Benefit Guaranty Corp. as a pension actuary – can talk your ear off about this. While the PBGC (like the FDIC) is only supposed to pay out from money collected from the pension funds, US taxpayers have ponyed up to bail out the PBGC in the past.
mi terrorífica familia paterna conectando con mis genes haciéndome beber:
May 10, 2026 at 10:03 AM
mi terrorífica familia paterna conectando con mis genes haciéndome beber:
PBGC Waives Requirement to Report Attrition Events Under Its Reportable Events Regulation
PBGC Waives Requirement to Report Attrition Events Under Its Reportable Events Regulation
The Pension Benefit Guaranty Corporation (PBGC) issued Technical Update No. 26-1 on September 18, 2026, which waives on a prospective basis the...
www.jdsupra.com
October 5, 2026 at 3:19 PM
PBGC Waives Requirement to Report Attrition Events Under Its Reportable Events Regulation
PBGC Waives Requirement to Report Attrition Events Under Its Reportable Events Regulation
PBGC Waives Requirement to Report Attrition Events Under Its Reportable Events Regulation
The Pension Benefit Guaranty Corporation (PBGC) issued Technical Update No. 26-1 on September 18, 2026, which waives on a prospective basis the...
www.jdsupra.com
October 5, 2026 at 3:19 PM
PBGC Waives Requirement to Report Attrition Events Under Its Reportable Events Regulation
Then again the PBGC is basically counting on Congress just bailing out the Teamsters every decade or so...
September 23, 2025 at 6:49 PM
Then again the PBGC is basically counting on Congress just bailing out the Teamsters every decade or so...
And all of these loons and goons got paid, which means there's paperwork to show where they were and who signed off.
I was a sub- or sub-sub-contractor on projects for INS, USAID, DAU, NIH, DOL, and PBGC. There were two or more layers of sign-off just to get to billing.
I was a sub- or sub-sub-contractor on projects for INS, USAID, DAU, NIH, DOL, and PBGC. There were two or more layers of sign-off just to get to billing.
April 14, 2026 at 3:37 AM
And all of these loons and goons got paid, which means there's paperwork to show where they were and who signed off.
I was a sub- or sub-sub-contractor on projects for INS, USAID, DAU, NIH, DOL, and PBGC. There were two or more layers of sign-off just to get to billing.
I was a sub- or sub-sub-contractor on projects for INS, USAID, DAU, NIH, DOL, and PBGC. There were two or more layers of sign-off just to get to billing.
I. First, as promised, let's expose the lie:
The Treasury Department did NOT declare the United States insolvent. They wouldn't. That's not how our money works (see: MMT).
The Financial Report FY2025 uses the word "insolvent" ONCE to describe the PBGC program.
fiscal.treasury.gov/files/report...
The Treasury Department did NOT declare the United States insolvent. They wouldn't. That's not how our money works (see: MMT).
The Financial Report FY2025 uses the word "insolvent" ONCE to describe the PBGC program.
fiscal.treasury.gov/files/report...
fiscal.treasury.gov
March 24, 2026 at 12:47 PM
I. First, as promised, let's expose the lie:
The Treasury Department did NOT declare the United States insolvent. They wouldn't. That's not how our money works (see: MMT).
The Financial Report FY2025 uses the word "insolvent" ONCE to describe the PBGC program.
fiscal.treasury.gov/files/report...
The Treasury Department did NOT declare the United States insolvent. They wouldn't. That's not how our money works (see: MMT).
The Financial Report FY2025 uses the word "insolvent" ONCE to describe the PBGC program.
fiscal.treasury.gov/files/report...
From PBGC charter:
"Guiding Principle: To ensure intra-agency data transparency to promote efficient and
appropriate use of, and investment into, agency data resources."
Totally at odds with DOGE's MO.
"Guiding Principle: To ensure intra-agency data transparency to promote efficient and
appropriate use of, and investment into, agency data resources."
Totally at odds with DOGE's MO.
May 19, 2025 at 10:29 PM
From PBGC charter:
"Guiding Principle: To ensure intra-agency data transparency to promote efficient and
appropriate use of, and investment into, agency data resources."
Totally at odds with DOGE's MO.
"Guiding Principle: To ensure intra-agency data transparency to promote efficient and
appropriate use of, and investment into, agency data resources."
Totally at odds with DOGE's MO.
A lot of Seniors who once worked for a company that went bankrupt now collect from the pension funds PBGC manages.
May 19, 2025 at 11:04 PM
A lot of Seniors who once worked for a company that went bankrupt now collect from the pension funds PBGC manages.
PBGC- taxpayers bailed out stolen pension money by businesses n owners!🤔
Today’s a great day to remind everyone that Social Security has a fraud rate of 0.00625%, which is far lower than private sector retirement programs.
August 1, 2025 at 4:02 PM
PBGC- taxpayers bailed out stolen pension money by businesses n owners!🤔
But the older folks who have their social security checks direct deposited? That core group of likely voters? That group of people who were lonely enough to call me and try to figure out how to keep me talking about the PBGC?
We can make this really unpopular. We can make them care.
We can make this really unpopular. We can make them care.
December 13, 2024 at 2:00 AM
But the older folks who have their social security checks direct deposited? That core group of likely voters? That group of people who were lonely enough to call me and try to figure out how to keep me talking about the PBGC?
We can make this really unpopular. We can make them care.
We can make this really unpopular. We can make them care.
Admittedly, I saw my father’s corporate pension go the PBGC, so I do recognize that corporate bankruptcy pension ditching is a real thing. (Thank goodness for the PBGC.)
May 18, 2026 at 12:32 AM
Admittedly, I saw my father’s corporate pension go the PBGC, so I do recognize that corporate bankruptcy pension ditching is a real thing. (Thank goodness for the PBGC.)
And don't realize that if they are lucky enough to get minimal PBGC payments because their pensions were stolen, don't realize Repubs hate that, too.
December 26, 2024 at 5:17 PM
And don't realize that if they are lucky enough to get minimal PBGC payments because their pensions were stolen, don't realize Repubs hate that, too.
...to their active members for the future. they have to keep the promises to the retirees, so they will need to start cutting benefits for actives. if it gets really bad they will take a buyout from the PBGC, but that would bankrupt the PBGC way faster than predicted...
April 7, 2025 at 9:53 PM
...to their active members for the future. they have to keep the promises to the retirees, so they will need to start cutting benefits for actives. if it gets really bad they will take a buyout from the PBGC, but that would bankrupt the PBGC way faster than predicted...
I guess PE firms have destroyed all the corporate pension plans and have no need of the PBGC anymore?
May 19, 2025 at 8:56 PM
I guess PE firms have destroyed all the corporate pension plans and have no need of the PBGC anymore?
New pod out exploring the life and times of one of Australia’s greatest home grown golf architects #AlexRussell. #RME #YarraYarra #PBGC #DrMac #MickMorcom #LakeKarrinyup.
@mikeclaytongolf.bsky.social
Firmandfastgolfpodcast.fireside.fm/58
@mikeclaytongolf.bsky.social
Firmandfastgolfpodcast.fireside.fm/58
February 20, 2025 at 6:47 PM
New pod out exploring the life and times of one of Australia’s greatest home grown golf architects #AlexRussell. #RME #YarraYarra #PBGC #DrMac #MickMorcom #LakeKarrinyup.
@mikeclaytongolf.bsky.social
Firmandfastgolfpodcast.fireside.fm/58
@mikeclaytongolf.bsky.social
Firmandfastgolfpodcast.fireside.fm/58
The Romney / Bain capital model:
Load them up with debt paid to the VC 'management' company, then declare bankruptcy, screwing the vendors and sticking the pension plan on PBGC ( taxpayers ! ).
All 'perfectly legal' !
Load them up with debt paid to the VC 'management' company, then declare bankruptcy, screwing the vendors and sticking the pension plan on PBGC ( taxpayers ! ).
All 'perfectly legal' !
August 20, 2025 at 2:07 PM
The Romney / Bain capital model:
Load them up with debt paid to the VC 'management' company, then declare bankruptcy, screwing the vendors and sticking the pension plan on PBGC ( taxpayers ! ).
All 'perfectly legal' !
Load them up with debt paid to the VC 'management' company, then declare bankruptcy, screwing the vendors and sticking the pension plan on PBGC ( taxpayers ! ).
All 'perfectly legal' !
When I worked in a 401k/Pensions call center, I frequently had to explain the differences, and whether their company could get their money back if it went out of business.
People did NOT typically know what the PBGC is- the Pension Benefit Guarantee Corporation needs better PR.
People did NOT typically know what the PBGC is- the Pension Benefit Guarantee Corporation needs better PR.
December 13, 2024 at 2:00 AM
When I worked in a 401k/Pensions call center, I frequently had to explain the differences, and whether their company could get their money back if it went out of business.
People did NOT typically know what the PBGC is- the Pension Benefit Guarantee Corporation needs better PR.
People did NOT typically know what the PBGC is- the Pension Benefit Guarantee Corporation needs better PR.
And turning the liabilities over to the PBGC...which many Repubs also want to go away.
December 11, 2023 at 9:35 PM
And turning the liabilities over to the PBGC...which many Repubs also want to go away.
Drop a COMMENT when you like, repost and SUBSCRIBE to JCMG MUSIC!
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Smile You're On Camera Volume 4 🤡 6 Track Instrumental
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April 1, 2026 at 1:24 PM
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Smile You're On Camera Volume 4 🤡 6 Track Instrumental
YouTube video by JCMG MUSIC
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April 1, 2026 at 1:23 PM
Drop a COMMENT when you like, repost and SUBSCRIBE to JCMG MUSIC!
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DOGE reported;
Through 1/29/2025, 85 DEIA related contracts totaling ~$1B have been terminated within the Dept. of Ed, GSA, OPM, EPA, DoL, Treasury, DoD, USDA, Commerce, DHS, VA, HHS, State, NSF, NRC, NLRB, PBGC, USAID, RRB, SSA, SBA, BLM, CFPB, NPS, and NOAA.
Through 1/29/2025, 85 DEIA related contracts totaling ~$1B have been terminated within the Dept. of Ed, GSA, OPM, EPA, DoL, Treasury, DoD, USDA, Commerce, DHS, VA, HHS, State, NSF, NRC, NLRB, PBGC, USAID, RRB, SSA, SBA, BLM, CFPB, NPS, and NOAA.
February 1, 2025 at 9:45 PM
DOGE reported;
Through 1/29/2025, 85 DEIA related contracts totaling ~$1B have been terminated within the Dept. of Ed, GSA, OPM, EPA, DoL, Treasury, DoD, USDA, Commerce, DHS, VA, HHS, State, NSF, NRC, NLRB, PBGC, USAID, RRB, SSA, SBA, BLM, CFPB, NPS, and NOAA.
Through 1/29/2025, 85 DEIA related contracts totaling ~$1B have been terminated within the Dept. of Ed, GSA, OPM, EPA, DoL, Treasury, DoD, USDA, Commerce, DHS, VA, HHS, State, NSF, NRC, NLRB, PBGC, USAID, RRB, SSA, SBA, BLM, CFPB, NPS, and NOAA.
Pension plans invest in the stock market, too. The entity that backstops pension plans when companies fold or go thru bankruptcy is the PBGC, a part of the federal government, i.e. under Trump’s purview. 😬
April 7, 2025 at 4:15 PM
Pension plans invest in the stock market, too. The entity that backstops pension plans when companies fold or go thru bankruptcy is the PBGC, a part of the federal government, i.e. under Trump’s purview. 😬