Pension Benefit Guaranty Corporation

Pension Benefit Guaranty Corporation

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2017-10-21

Total Pages: 44

ISBN-13: 9781978456389

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Pension Benefit Guaranty Corporation: Long-Term Financing Risks to Single-Employer Insurance Program Highlight Need for Comprehensive Reform


PBGC Assets

PBGC Assets

Author: Barbara D. Bovbjerg

Publisher: DIANE Publishing

Published: 2009-02

Total Pages: 62

ISBN-13: 1437909094

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The Pension Benefit Guaranty Corp. (PBGC) insures the retirement future of over 44 million people. As a fed. guarantor of private defined benefit plans, PBGC finances its operations through insurance premiums, investment income, and funds from terminated pension plans. PBGC is governed by a board of directors who are responsible for providing policy direction and oversight but often rely on board rep. In 2004, PBGC began reviewing its investment policy biennially and recently decided to broaden the range of asset classes in which it invests. This report reviewed PBGC¿s procedures for developing and implementing its investment policies, and examined PBGC¿s most recent investment policy. Includes recommendations. Charts and tables.


Commercial Aviation

Commercial Aviation

Author: JayEtta Z. Hecker

Publisher: DIANE Publishing

Published: 2006-03

Total Pages: 90

ISBN-13: 9781422304327

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Since 2001 the U.S. airline industry has lost over $30 billion. Delta, Northwest, United, & US Air. have filed for bankruptcy, the latter two terminating & transferring their pension plans to the Pension Benefit Guaranty Corp. (PBGC). The net claim on PBGC from these terminations was $9.7 billion; plan participants lost $5.3 billion in benefits. Many in the industry have maintained that airlines' use of bankruptcy protection as a means to continue operations is harmful to the industry. This debate has received even sharper focus with pension defaults. This report details: (1) the role of bankruptcy in the airline industry, (2) whether bankruptcies are harming the industry, & (3) the effect of airline pension underfunding on employees, airlines, & the PBGC. Illus.


Aging Nation

Aging Nation

Author: James H. Schulz

Publisher: JHU Press

Published: 2008-05-15

Total Pages: 302

ISBN-13: 0801888646

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Schulz and Robert H.