Download or read book Pension Benefit Guaranty Corporation Improvements Needed to Strengthen Governance Structure and Strategic Management Testimony Before Committee on Health Education Labor and Pensions U S Senate written by and published by DIANE Publishing. This book was released on with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Benefit Guaranty Corporation written by Barbara D. Bovbjerg and published by . This book was released on 2010 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Benefit Guaranty Corporation written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-14 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension Benefit Guaranty Corporation: Improvements Needed to Strengthen Governance Structure and Strategic Management
Download or read book Pension Benefit Guaranty Corporation written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Download or read book Pension Benefit Guaranty Corporation Improvements Needed to Address Financial and Management Challenges written by Barbara D. Bovbjerg and published by DIANE Publishing. This book was released on 2009-05 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pension Benefit Guaranty Corp. (PBGC) insures the retirement future of nearly 44 million people in more than 30,000 private-sector defined benefit pension plans. In July 2003, PBGC¿s single-employer pension insurance program was designated as ¿high risk,¿ meaning that it needed urgent attention and transformation. The program remains on the list today with a projected financial deficit of over $13 billion, as of Sept. 2007. Because Congress exercises oversight of PBGC, the author was asked to testify on: (1) the critical role PBGC plays in protecting the pension benefits of workers and how PBGC is funded; (2) the financial challenges facing PBGC; and (3) the PBGC¿s governance, oversight and management challenges. Tables.
Download or read book Pension Benefit Guaranty Corporation written by Barbara D. Bovbjerg and published by DIANE Publishing. This book was released on 2009-02 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Pension Benefit Guaranty Corporation written by United States. Government Accountability Office and published by DIANE Publishing. This book was released on 2007 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Benefit Guaranty Corporation written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-15 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension Benefit Guaranty Corporation : financial challenges highlight need for improved governance and management : testimony before the Special Committee on Aging, U.S. Senate
Download or read book Pension Benefit Guaranty Corporation written by United States. Government Accountability Office and published by . This book was released on 2012 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Benefit Guaranty Corporation contracting management needs improvement report to the Chairman Senate Special Committee on Aging and the Chairman Committee on Small Business United States Senate written by United States. General Accounting Office and published by DIANE Publishing. This book was released on 2000 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Benefit Guaranty Corporation written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-16 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pension Benefit Guaranty Corporation (PBGC) insures the pensions of millions of private sector workers and retirees in certain employer-sponsored pension plans. It is governed by a board of directors consisting of the Secretaries of the Treasury, Labor, and Commerce, who are charged with providing PBGC with policy direction and oversight. This report assesses (1) the extent to which PBGC's governance structure provides PBGC with policy direction and oversight, and (2) whether administrative responsibilities among the PBGC board, Department of Labor (DOL), and PBGC management are clearly defined. We examined corporate governance practices, select federal government corporations, and reviewed documents on PBGC's structure. We interviewed officials from all board member agencies and PBGC, among others.
Download or read book Pension Benefit Guaranty Corporation written by U.s. Government Accountability Office and published by . This book was released on 2017-08-17 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Pension Benefit GuarantyCorporation (PBGC) insures thepension benefits of more than 44million U.S. workers and retirees inmore than 27,500 private definedbenefit plans. In response to growingworkloads over the last 20 years,PBGC has come to rely heavily oncontractors to perform its work. Withthe influx of plan terminations duringthe recent economic downturn, GAOwas asked to examine: (1) how PBGCdecides between contracting forservices and performing services inhouse; (2) the steps PBGC has takento strengthen its internal controlsover the contracting process; and (3)PBGC's implementation of aperformance-based approach in itsrecent contracts.To conduct this study, GAO reviewedfederal and PBGC contractingpolicies; interviewed PBGC officialsand selected contractors; examined asmall judgmental sample of eightrecent contracts selected based ontype, amount, and location; andassessed PBGC's actions in responseto past GAO and PBGC InspectorGeneral (IG) recommendations."
Download or read book Pension Benefit Guaranty Corporation written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-14 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension Benefit Guaranty Corporation : improvements needed to address financial and management challenges : testimony before the Subcommittee on Oversight, Committee on Ways and Means, House of Representatives
Download or read book Pension Benefit Guaranty Corporation written by United States. Government Accountability Office and published by . This book was released on 2007 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Benefit Guaranty Corporation written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-08-03 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: " At the end of fiscal year 2011, PBGC insured the pension benefits of 44 million U.S. workers, retirees, and beneficiaries in about 27,000 private defined benefit plans. PBGC's 2011 net accumulated deficit of $26 billion, coupled with future risks posed by plan sponsors and their plans, threatens PBGC's solvency. To help contain PBGC's deficit, Congress recently passed legislation increasing PBGC premiums. Beyond simply increasing rates, the administration has proposed granting PBGC authority to redesign its premium structure to more fully reflect the risk of new claims. To better understand the issues involved, GAO was asked to examine (1) the options available to adjust premiums to improve PBGC's financial condition; (2) the potential implications of adjusting premiums; and (3) the potential implementation challenges in moving to a more risk-based premium structure. To conduct this work, GAO reviewed relevant legislation, analyzed PBGC premium data, and interviewed officials implementing other risk-based premium structures in this country and the United Kingdom, as well as numerous experts and plan sponsors reflecting a broad spectrum of perspectives on the topic. "
Download or read book Pension Benefit Guaranty Corporation written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-02-03 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension Benefit Guaranty Corporation: More Strategic Approach Needed for Processing Complex Plans Prone to Delays and Overpayments
Download or read book Examining the Challenges Facing the Pension Benefit Guaranty Corporation and Defined Benefit Pension Plans written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions and published by . This book was released on 2013 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
