Update on bailout

Young said the underfunding in the plans for supermarket clerks, meatcutters and others in the food trade reflected the harsh business climate facing market owners. The bailout should also rescue the pension plan of the NewsGuild, the leading union for staff at the Inquirer and Philadelphia Daily News.

In the case of the Guild, nearly 1, retired reporters, advertising salespeople and others are currently collecting pensions, while another 1, are waiting to reach retirement age and collect. However, the plan is to run out of money in about The pension plan was frozen in — benefits stopped accumulating and enrollment was closed to new hires.

Unless this legislation becomes law, retirees in or so would see their pensions picked up by the federal Pension Benefit Guaranty Corp.

It pays multiemployer-plan retirees only about 25 cents on the dollar. The Benefit Corp. The pending law would extend its solvency for another 25 years, aides to Neal said. Craig R. Ashes of Winter the movie star dolphin released into Gulf.

Capitol attack panel subpoenas Google, Facebook and Twitter for digital records. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Click here for instructions on how to enable JavaScript in your browser.

Financial Bear. Share on Facebook. Share on Twitter. Share on Pinterest. Share on LinkedIn. This article was originally published by Forbes. The next update will be provided at the end of the second quarter. The roll-out of the full and partial bailout packages has been quite successful as detailed above.

For the claimants with validated claims in excess of the GHS50, threshold, please be assured that the full bailout package would be triggered when the liquidation orders are granted. There is thus no need to resort to any middlemen or facilitators to secure payout of the bailout. The SEC wishes to assure all affected clients that the Government has made provision to cover all validated claims with the recent additional allocation in the National Budget Statement to support the clean-up exercise in the asset management industry.

There is hence no need for any affected client to panic because of the protracted court liquidation process. For customers who have a claim ID but are yet to receive a text message from GCB Capital regarding the bank details, kindly contact amfund gcb. Clients and members of the general public may also make requests for further information by calling the dedicated bailout call centre number on or by visiting bailout. All Rights Reserved. Copy link. Copy Copied. Powered by Social Snap.