Washington – A federal agency is preparing to take responsibility for Sears’ pension plans, which cover more than 90,000 people. The Pension Benefit Guaranty Corp. said in a new release Friday that it believes Hoffman Estates-based Sears Holdings Corp.’s “continuation of the plans is no longer possible” after the company filed for bankruptcy. The agency covers individuals’ pensions, up to certain limits, if an insured pension plan shuts down without enough money to pay all benefits.
Federal Agency To Take Over Sears’ Pension Plans
The Columbian, The Columbian
Fri, 01/18/2019 - 11:53pm
Sections: u.s.
Topics: Washington Clark County Vancouver
RELATED ARTICLES
- New building for Pacific Northwest National Lab campus
RICHLAND — The federal government’s Pacific Northwest National Laboratory will build a new $90 million energy sciences research building on its Richland campus. A contract to design and construct the building has been awarded to a Houston-based team of Harvey Cleary Builders and Kirksey Architecture. The Tri-City Herald says the facility will cover 110,000 to 145,000 square feet. More - ‘Scumbag’ comment gets juror removed in Pasco double-murder trial. Judge says it’s not her fault
PASCO, Wa. — A relative of a Pasco homicide victim, who phoned a juror last week, admitted calling the accused killer a “scumbag” during the brief telephone conversation. The relative was tracked down and interviewed by a defense investigator on Friday after the juror in Hector Orozco Jr.’s double-murder trial told court officials about the phone call. On Tuesday, attorney Daniel Stovern renewed his claim of jury tampering based on the conversation between “Juror No. More - New trial starts for 2 charged in homeless camp killing
SEATTLE — A new trial has started for brothers accused of fatally shooting two people and wounding three others at the Seattle homeless encampment known as the Jungle. The Seattle Times reports James and Jerome Taafulisia are being tried for again on murder and assault charges in connection with the Jan. More - Woman sues Home Depot for $1.5M after termination
BEND, Ore. — A Bend Paralympic athlete is suing Home Depot for $1.5 million, claiming the company did not consider her disability when it fired her in 2017. The Bulletin reports in a complaint filed Tuesday in Deschutes County Circuit Court, Barbara Buchan claims that after suffering a concussion in a fall at work, management fired her for keeping $11 worth of presentation materials in her vehicle overnight. More
BING NEWS:
- Search the PERS database: Check out how much government retirees receive in pension pay
The newsroom has maintained the database since 2011, when the pension system reached a settlement with The Oregonian/OregonLive and the Salem Statesman Journal to release the names and monthly ...
04/23/2024 - 4:43 am | View Link - 12 States Where Pension Funds Are at Risk of Collapsing
Planning for retirement is like that epic road trip you dreamt of in college—full of possibilities! But what if you hit a giant pothole called underfunded pensions? Buckle up because we’re taking a ...
04/23/2024 - 2:00 am | View Link - Transportation Pension Plan Approved for Financial Assistance
The Pension Benefit Guaranty Corporation has approved the Teamsters Union Local No. 73 Pension Plan’s application for special financial assistance, the agency said Friday.
04/12/2024 - 9:24 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more