Pension Benefit Guaranty Corporation

Pension Benefit Guaranty Corporation
Author: Barbara D. Bovbjerg
Publisher: DIANE Publishing
Total Pages: 45
Release: 2009-03
Genre: Law
ISBN: 1437909914

The Pension Benefit Guaranty Corp. (PBGC) insures the pensions of more than 44 million workers in over 30,000 employer-sponsored defined benefit pension plans. In response to growing workloads, PBGC has come to rely heavily on contractors to conduct its work. This is a report on: (1) the role that contracting plays in PBGC¿s efforts to accomplish its mission; (2) the steps PBGC has taken to improve its acquisition infrastructure and develop a strategic approach to guide its contracting activities; and (3) the steps PBGC has taken to improve its contact oversight processes to ensure accountability. Includes recommendations. Charts and tables.

Pension Benefit Guaranty Corporation

Pension Benefit Guaranty Corporation
Author: Barbara D. Bovbjerg
Publisher: DIANE Publishing
Total Pages: 62
Release: 2001-04
Genre: Law
ISBN: 9780756708979

The PBGC insures the benefits of 43 million participants from default of their employer-sponsored defined benefit pension plans. To carry out its work, PBGC relies heavily on the services of contractors whose headquarters & field employees account for almost half of the workforce involved in processing PBGC's workloads. This report: (1) determines the basis for PBGC's decisions regarding the use of contractors versus government personnel to address its workloads; (2) assesses PBGC's processes & procedures for selecting contractors; & (3) determines how effective PBGC has been in monitoring the performance of its contractors. Tables.

Pension Benefit Guaranty Corporation

Pension Benefit Guaranty Corporation
Author: Barbara D. Bovbjerg
Publisher: DIANE Publishing
Total Pages: 34
Release: 2009-02
Genre: Law
ISBN: 1437909701

The Pension Benefit Guaranty Corp. (PBGC) insures the pension benefits of 44 million private sector workers and retirees in over 30,000 employer-sponsored pension plans. It was reported that PBGC¿s governance structure needed improvements. Congress is considering expanding the board of dir. to include additional members. It was also recommended that the board develop policies and mechanisms consistent with corp. governance practices, and develop formal guidelines to clarify the roles and respon. of the board chair, members, and their rep. This report addresses: the steps PBGC has taken to improve policy direction and oversight; and (2) how Congress applies oversight to PBGC and what other oversight mechanisms exist for gov¿t. corps. Illus.

Pension Benefit Guaranty Corporation

Pension Benefit Guaranty Corporation
Author: Barbara D. Bovbjerg
Publisher: DIANE Publishing
Total Pages: 60
Release: 2009-02
Genre: Business & Economics
ISBN: 143790789X

The Pension Benefit Guaranty Corp. (PBGC) employs 800 fed. employees and uses 1,500 private sector employees to insure the pensions of millions of private sector workers and retirees in certain employer-sponsored pension plans. In recent years, PBGC¿s projected financial liabilities and workloads have increased greatly due to a large no. of pension plan terminations. Given this, it is important that PBGC remain well positioned to fulfill its promise to those retirees who depend on it. This is a report on: PBGC¿s recent experience in hiring and retaining key staff and how it compared to other fed. agencies; and the actions PBGC has taken to hire and retain key staff and what additional steps, if any, can be taken. Includes recommend. Illustrations.

Administration and Operations of the Pension Benefit Guaranty Corporation

Administration and Operations of the Pension Benefit Guaranty Corporation
Author: United States Congress House Committe
Publisher: Palala Press
Total Pages: 94
Release: 2015-09-09
Genre:
ISBN: 9781342144829

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Pension Benefit Guaranty Corporation: Improvements Needed to Address Financial and Management Challenges

Pension Benefit Guaranty Corporation: Improvements Needed to Address Financial and Management Challenges
Author: Barbara D. Bovbjerg
Publisher: DIANE Publishing
Total Pages: 29
Release: 2009-05
Genre: Law
ISBN: 1437910505

The Pension Benefit Guaranty Corp. (PBGC) insures the retirement future of nearly 44 million people in more than 30,000 private-sector defined benefit pension plans. In July 2003, PBGC¿s single-employer pension insurance program was designated as ¿high risk,¿ meaning that it needed urgent attention and transformation. The program remains on the list today with a projected financial deficit of over $13 billion, as of Sept. 2007. Because Congress exercises oversight of PBGC, the author was asked to testify on: (1) the critical role PBGC plays in protecting the pension benefits of workers and how PBGC is funded; (2) the financial challenges facing PBGC; and (3) the PBGC¿s governance, oversight and management challenges. Tables.