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 un… 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
People in this video
-
Barbara D. Bovbjerg Director Government Accountability Office->Education, Workforce, and Income Security Issues
Hosting Organization
Related Video
-
House Committee Fiscal Year 2010 Budget Overview
Treasury Secretary Geithner gave an overview of President Obama’s budget proposals for fiscal year 2010. In his remarks …
-
Secretary Sebelius on Health Care Reform
Health and Human Services Secretary Kathleen Sebelius testified before the House Ways and Means Committee on President O…
-
House Health Care Legislation Financial Markup
Members debated various provisions and amendments to health care reform legislation and means to fund the provisions of …
-
House Health Care Legislation Financial Markup, Part 3
Members debated various provisions and amendments to health care reform legislation and means to fund the provisions of …