Top
Stories

Latest News Rapidly Growing Older Workforce Demands Employer Attention to Injuries February 14, 2012
Featured Article Data Bank Focus: Retirement Benefit Participation Rates Drop February 14, 2012
The Ethical Workplace Blog Blog Going Nuclear—More Safe Power for Georgia's People February 14, 2012
Featured Article Getting Minorities to Buy In on Retirement February 13, 2012
Featured Article Despite Confusion at State Level, E-Verify Finds Federal Support February 13, 2012
Featured Article State Law Favored Over Feds in Overtime Case February 12, 2012
Featured Article Adopting a Social Media Mind-Set February 12, 2012
Featured Article Social Media and Collaboration Tools February 12, 2012
Featured Article Social Studies: How to Use Social Media to Build a Better Organization February 12, 2012
Featured Article Arbitration Pact Barring Class Lawsuits Violates NLRA February 12, 2012
Featured Article The Last Word: Backyard Retirement Plan February 11, 2012
Featured Article Wisconsin's Tough Choice February 10, 2012
Latest News Lactation Discrimination Is not Sex Discrimination: Judge February 10, 2012
Latest News Obama Administration Compromises on Prescription Contraceptive Rules February 10, 2012
Featured Article State Public Sector Retirement Plan Roundup February 10, 2012

Latest News

Wisconsin Window Maker’s Pension Plan Taken Over

The Pension Benefit Guaranty Corp. assumes responsibility for the pension plan of Hurd Windows & Doors Inc. of Medford, Wisconsin.

  • August 7, 2009
  • Comments (0)

The Pension Benefit Guaranty Corp. has assumed responsibility for the pension plan of Hurd Windows & Doors Inc. of Medford, Wisconsin, the agency announced Wednesday, August 5.

Hurd filed for Chapter 11 bankruptcy protection on September 15, 2008, and the U.S. Bankruptcy Court in Eau Claire, Wisconsin, approved the sale of the company’s assets to HWD Acquisition Inc. The transaction did not include the company’s two pension plans.

The pension plans—the Hurd Millwork Company Pension Plan for Local 2979 and the Hurd Millwork Company Pension Plan for Shop Employees—are a combined 77 percent funded, with $9.6 million in assets and $12.6 million in liabilities.

The PBGC expects to cover the entire $3 million shortfall.

Both plans have been frozen since December 3, 2004.

Filed by Timothy Inklebarger of Pensions & Investments, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

Stay informed and connected. Get human resources news and HR features via Workforce Management's Twitter feed or RSS feeds for mobile devices and news readers.

 

Leave A Comment

Guidelines: Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. You are fully responsible for the content you post.

Daily Q&A

How Do We Build a World-Class Recruiting Department?

I need to establish a strategic plan on how we can become a world-class staffing/recruiting department. Unfortunately, all the historical data from previous recruiting managers got tossed. Do you have any simple tips on how to begin this ambitious plan?

—World-Class Ambition, staffing manager, software/services, Pennsylvania

Read Answer

Stay Connected

Join our community for unlimited access to the latest tips, news and information in the HR world.

  • Workforce Technology (Monthly)

    Covering the latest technology trends, tools and applications that are shaping the workforce in the 21st century. Delivered the 2nd Wednesday of each month.

  • Dear Workforce (Bi-weekly)

    See what HR professionals are asking, and what Workforce Management experts are saying. Delivered the 1st and 3rd Thursday of each month.

  • Workforce Benefits (Bi-weekly)

    Stay current on all aspects of employee benefits, from health care to retirement issues. Delivered on Wednesdays.

  • Workforce Week (Weekly)

    Free weekly update on the trends in HR and new tools added to Workforce.com. Delivered each Tuesday.

  • Workforce Talent (Bi-weekly)

    See the recruiting, talent development and retention strategies of top companies and get the resources for effective talent management. Delivered the 2nd & 4th Thursday of each month.

  • Workforce Training (Monthly)

    Stay current on the latest strategies and resources for training and developing your workforce talent. Delivered the 4th Wednesday of each month.

HR Jobs

View All Job Listings

Search