"Underfunded Pensions, Pension Dumping, and Retirement Security: Pension Funds, the Pension Benefit Guarantee Corporation (PBGC), Bailout Risks, Impact on the Federal Budget, and the Pension Protection Act of 2006," part of the Government Series from TheCapitol.Net
The Employee Retirement Income Security Act of 1974 (ERISA) provides a comprehensive federal scheme for the regulation of employee pension and welfare benefit plans offered by employers.
The Pension Benefit Guarantee Corporation (PBGC), a federal corporation created by ERISA, protects the pensions of nearly 44 million American workers and retirees in more than 29,000 private single-employer and multiemployer defined benefit pension plans.
Although the PBGC's liabilities are not explicitly backed by the full faith and credit of the federal government, Congress could face political pressure to bail out the PBGC at taxpayer expense should the agency become financially insolvent.
Ch. 1. Summary of the Employee Retirement Income Security Act (ERISA), by Patrick Purcell and Jennifer Staman
Ch. 2. The Pension Benefit Guaranty Corporation and the Federal Budget, by William Joseph Klunk
Ch. 3. The Worker, Retiree, and Employer Recovery Act of 2008: An Overview, by Jennifer Staman
Ch. 4. Pension Benefit Guaranty Corporation (PBGC) Investment Policy: Issues for Congress, by Kelly Kinneen and Patrick Purcell
Ch. 5. Proposed Plan Buyouts by Financial Firms Pose Potential Risks and Benefits, US GAO
Ch. 6. The Financial Health of the Pension Guaranty Benefit Corporation (PBGC), by William J. Klunk
Ch. 7. "The Pension Benefit Guaranty Corporation," Statement of Dallas Salisbury, Pres & CEO, EBRI
Ch. 8. "Pension Benefit Guaranty Corporation Financial Challenges Highlight Need for Improved Governance and Management," Statement of Barbara D. Bovbjerg, GAO
Ch. 9. "No Guarantees: As Pension Plans Crumble, can PBGC Deliver?," Statement of Rebecca Anne Batts, IG, PBGC
Ch. 10. Testimony of Vincent K. Snowbarger, Acting Director, PBGC
Ch. 11. "The Effects of Recent Turmoil in Financial Markets on Retirement Security," Statement of Peter R. Orszag, Dir., CBO
Ch. 12. "A Review of the Pension Benefit Guaranty Corporation's New Investment Strategy," Letter from Peter Orszag, Dir., CBO
Ch. 13. Testimony of Bradley D. Belt, PBGC
Ch. 14. ERISA Part 4010. 29 CFR Part 4010
Ch. 15. PBGC FAQs: Plan Funding
Ch, 16. Other Resources
Ch. 17. Other Resources from TheCapitol.Net
Capitol Learning Audio Courses TM www.CapitolLearning.com
Congress and Its Role in Policymaking, ISBN 158733061X
Preparing for Congressional Oversight and Investigation, ISBN 1587330644
Understanding the Regulatory Process, A Five Course Series, ISBN 9781587331398
Live Training
Advanced Federal Budget Process
www.BudgetProcess.com
The President's Budget
www.PresidentsBudget.com
Capitol Hill Workshop
www.CapitolHillWorkshop.com
Understanding The Regulatory Process: Working with Federal Regulatory Agencies
www.RegulatoryProcess.com
Congressional Oversight and Investigation
www.CongressionalInvestigation.com
Complete Table of Contents at www.1534Pensions.com
