Pension Agency Shields Retirees From Plan Failures
Sylvia Porter explains how the Pension Benefit Guaranty Corp covers private pension plan failures. The REA Express Co case shows PBGC taking over a bankrupt plan, paying retirees, and safeguarding benefits while outlining fund financing and future premium increases for single and multi employer plans.
MENTIONED IN THIS ARTICLE
Sylvia Porter
New York
REA Ex+ press Co
REA
Pension Benefit Guaranty Corp
I T
PBGC
Federal Deposit Insurance Corp
FDIC
REA Express Co
Brooke Sherer
REA Express
New England
Ue. Pbgc
PHGC
Field Enterprises
Ime
Turner Affirms Road Agency Constitutionality
Iowa Attorney General Richard C. Turner ruled the 1974 law creating the state department of transportation and granting rules on truck lengths is constitutional. He described the act as a comprehensive transportation measure covering airports, railroads, and even paths, suggesting broad reach for future rules.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Iowa
State, Department, of Transportation
Richard C. Turner
IDOT
Turner
Transportation Commission
General Assembly
Pregnancy Sick Leave Bill Heads to House Action
The measure, tied to pregnancy and recovery absences, cleared the Iowa Senate 46 to 3 and moves to the House. It follows a March ruling upholding back pay for two Cedar Rapids teachers who sued the school board over pregnancy related sick leave restrictions.
MENTIONED IN THIS ARTICLE
Iowa
Senate
James Redmond
Dcedar Rapids
State Supreme Court
United States
Joann Parr
Joedy McCarthy
Cedar Rapids
McCarthy
Washington High School
Washington
Parr
Communion
Linn
William Bads
Supreme ‘Court
Democrats Lean to Humphrey Carter Ticket in Monitor Survey
Boston AP report notes the Christian Science Monitor says Democratic leaders favor a ticket headed by Hubert Humphrey and Jimmy Carter. Of 300 questionnaires, 122 responses were received. 62 named Humphrey as most likely to win the nomination and 51 supported Carter as running mate, with Henry Jackson next in line.
MENTIONED IN THIS ARTICLE
Boston
Hubert Humphrey
Georgia
Jimmy Carter
Christian Science Monitor
the Monitor
Humphrey
Carter
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