Labor & Economic News Blog
Wednesday, September 10, 2008
GAO-08-1062, Pension Benefit Guaranty Corporation: Need for Improved Oversight Persists, September 10, 2008
GAO-08-1062, Pension Benefit Guaranty Corporation: Need for Improved Oversight Persists, September 10, 2008The Pension Benefit Guaranty Corporation (PBGC) insures the pension benefits of 44 million private sector workers and retirees in over 30,000 employer-sponsored pension plans. In July 2007, GAO reported that PBGC's governance structure needed improvements, and asked Congress to consider expanding the board of directors to include additional members.
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