Pension Benefit Guaranty Corporation

A hearing was held on the Pension Benefit Guaranty Corporation (PBGC), which provides basic pension benefits to workers if an employer is… read more

A hearing was held on the Pension Benefit Guaranty Corporation (PBGC), which provides basic pension benefits to workers if an employer is unable to pay those benefits. In 2007 it was reported that pension plans insured by the corporation were underfunded by $350 billion and that the corporation has a $14 billion deficit. Testimony and questioning focused on the reasons for PBGC’s deficit, steps taken to to build for the future, funding structure, financial challenges, governance and management issues, and the impact of the current financial markets crisis. close

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Pension Benefit Guaranty Corporation

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Program ID:
281317-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Sep 24, 2008
Last Aired:
Sep 25, 2008

Airing Details

  • Sep 24, 2008 | 10:07am EDT | C-SPAN 3
  • Sep 25, 2008 | 5:13am EDT | C-SPAN 2
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