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.