Labor & Economic News Blog

Wednesday, September 24, 2008

GAO-08-1162T, Pension Benefit Guaranty Corporation: Improvements Needed to Address Financial and Management Challenges, September 24, 2008

GAO-08-1162T, Pension Benefit Guaranty Corporation: Improvements Needed to Address Financial and Management Challenges, September 24, 2008
The Pension Benefit Guaranty Corporation (PBGC) insures the retirement future of nearly 44 million people in more than 30,000 private-sector defined benefit pension plans. In July 2003, GAO designated PBGC's single-employer pension insurance program--its largest insurance program--as "high risk," including it on GAO's list of major programs that need urgent attention and transformation. The program remains on the list today with a projected ...

 



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