As the insurer of over 29,000 private sector defin

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Pension Benefit Guaranty Corporation: More Strategic Approach Needed for Processing Complex Plans Prone to Delays and Overpayments

Our Price: $25.00

By Barbara D. Bovbjerg (au)
Year: 2009
Pages: 91
Binding Paperback

Product Code: 1437923933

Description

As the insurer of over 29,000 private sector defined benefit plans, the Pension Benefit Guaranty Corp. (PBGC) may be required to assume responsibility for the plans of a growing number of companies filing bankruptcy due to the recession. Concerns about PBGC's benefit determination process, reductions in benefits due to guarantee limits, and workers' retirement security overall led to this report which studies: (1) how long it takes PBGC to make benefit determinations; (2) the extent of overpayments on retirees' benefits; (3) how well PBGC communicates with participants; and (4) the timeliness and accessibility of the appeals process. Includes recommendations. Charts and tables.

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