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Pension Benefit Guaranty Corporation: Need for Improved Oversight Persists
Our Price:
$
20.00
By
Barbara D. Bovbjerg (au)
Year:
2008
Pages:
29
Binding
Paperback
Product Code:
1437909701
Description
The Pension Benefit Guaranty Corp. (PBGC) insures the pension benefits of 44 million private sector workers and retirees in over 30,000 employer-sponsored pension plans. It was reported that PBGC’s governance structure needed improvements. Congress is considering expanding the board of dir. to include additional members. It was also recommended that the board develop policies and mechanisms consistent with corp. governance practices, and develop formal guidelines to clarify the roles and respon. of the board chair, members, and their rep. This report addresses: the steps PBGC has taken to improve policy direction and oversight; and (2) how Congress applies oversight to PBGC and what other oversight mechanisms exist for gov’t. corps. Illus.
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