The Future Of The Defined Benefit System And The Pension Benefit Guaranty Corporation
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Author |
: Barbara D. Bovbjerg (au) |
Publisher |
: DIANE Publishing |
Total Pages |
: 66 |
Release |
: 2005-09 |
ISBN-10 |
: 1422300536 |
ISBN-13 |
: 9781422300534 |
Rating |
: 4/5 (36 Downloads) |
Synopsis The Future of the Defined Benefit System and the Pension Benefit Guaranty Corporation by : Barbara D. Bovbjerg (au)
Employer-sponsored defined benefit pension plans (DBPP) face unprecedented challenges in the midst of significant changes in our nation's retirement landscape. Many DBPP & the fed. agency that insures them, the Pension Benefit Guaranty Corp. (PBGC), have accumulated large & growing deficits that threaten their survival. Meanwhile, the percentage of Amer. workers covered by DBPP has been declining for 30 years, reflecting a movement toward defined contribution plans (e.g., 401(k) plans). To address these issues, a diverse group of knowledgeable individuals was convened -- incl. gov't. officials, researchers, accounting experts, actuaries, plan sponsor & employee group rep., & members of the investment community. Charts & tables.
Author |
: United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions |
Publisher |
: |
Total Pages |
: 108 |
Release |
: 2013 |
ISBN-10 |
: MINN:31951D03678336I |
ISBN-13 |
: |
Rating |
: 4/5 (6I Downloads) |
Synopsis Examining the Challenges Facing the Pension Benefit Guaranty Corporation and Defined Benefit Pension Plans by : United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions
Author |
: |
Publisher |
: DIANE Publishing |
Total Pages |
: 22 |
Release |
: |
ISBN-10 |
: 9781437943719 |
ISBN-13 |
: 1437943713 |
Rating |
: 4/5 (19 Downloads) |
Synopsis 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 by :
Author |
: United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight |
Publisher |
: |
Total Pages |
: 24 |
Release |
: 1991 |
ISBN-10 |
: STANFORD:36105126787360 |
ISBN-13 |
: |
Rating |
: 4/5 (60 Downloads) |
Synopsis Pension Benefit Guaranty Corporation's Program to Identify, Collect, and Account for Premium Payments Including Findings and Recommendations of the Subcommittee by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Oversight
Author |
: United States. Congress. Senate. Committee on Finance |
Publisher |
: |
Total Pages |
: 192 |
Release |
: 2005 |
ISBN-10 |
: PURD:32754078645821 |
ISBN-13 |
: |
Rating |
: 4/5 (21 Downloads) |
Synopsis Financial Status of the Pension Benefit Guaranty Corporation and the Administration's Defined Benefit Plan Funding Proposal by : United States. Congress. Senate. Committee on Finance
Author |
: Barbara D. Bovbjerg |
Publisher |
: DIANE Publishing |
Total Pages |
: 29 |
Release |
: 2009-05 |
ISBN-10 |
: 9781437910506 |
ISBN-13 |
: 1437910505 |
Rating |
: 4/5 (06 Downloads) |
Synopsis Pension Benefit Guaranty Corporation: Improvements Needed to Address Financial and Management Challenges by : Barbara D. Bovbjerg
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.
Author |
: Stan Dupont |
Publisher |
: |
Total Pages |
: 132 |
Release |
: 2013 |
ISBN-10 |
: 1628081082 |
ISBN-13 |
: 9781628081084 |
Rating |
: 4/5 (82 Downloads) |
Synopsis Pension Benefit Guaranty Corporation by : Stan Dupont
This book provides background and analysis of the premiums charged by the Pension Benefit Guaranty Corporation (PBGC), which is a government-owned corporation that was created in 1974 to protect the retirement income of participants in private-sector, defined benefit (DB) pension plans. When a company terminates a DB pension plan that does not have enough assets to pay 100% of the promised benefits, PBGC pays, in accordance with statute and up to a maximum yearly dollar amount, the benefits to participants in the terminated plan. In FY2012, 887,000 individuals received $5.5 billion in benefit payments from PBGC. An additional 614,000 workers will receive benefits when they retire. PBGC consists of two insurance programs: (1) a multiemployer pension program, which protects the benefits of 10.3 million participants in collectively bargained DB pensions in which several employers make contributions, and (2) a larger single-employer pension program, which protects the benefits of 33.4 million participants in DB pensions operated by one employer for its eligible employees.
Author |
: United States. Congress. House. Committee on Education and the Workforce |
Publisher |
: |
Total Pages |
: 92 |
Release |
: 2004 |
ISBN-10 |
: STANFORD:36105050358261 |
ISBN-13 |
: |
Rating |
: 4/5 (61 Downloads) |
Synopsis Strengthening pension security and defined benefit plans by : United States. Congress. House. Committee on Education and the Workforce
Author |
: Stan Dupont |
Publisher |
: Nova Science Publishers |
Total Pages |
: 0 |
Release |
: 2013 |
ISBN-10 |
: 1628081074 |
ISBN-13 |
: 9781628081077 |
Rating |
: 4/5 (74 Downloads) |
Synopsis Pension Benefit Guaranty Corporation by : Stan Dupont
This book provides background and analysis of the premiums charged by the Pension Benefit Guaranty Corporation (PBGC), which is a government-owned corporation that was created in 1974 to protect the retirement income of participants in private-sector, defined benefit (DB) pension plans. When a company terminates a DB pension plan that does not have enough assets to pay 100% of the promised benefits, PBGC pays, in accordance with statute and up to a maximum yearly dollar amount, the benefits to participants in the terminated plan. In FY2012, 887,000 individuals received $5.5 billion in benefit payments from PBGC. An additional 614,000 workers will receive benefits when they retire. PBGC consists of two insurance programs: (1) a multi-employer pension program, which protects the benefits of 10.3 million participants in collectively bargained DB pensions in which several employers make contributions, and (2) a larger single-employer pension program, which protects the benefits of 33.4 million participants in DB pensions operated by one employer for its eligible employees.
Author |
: United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service |
Publisher |
: |
Total Pages |
: 166 |
Release |
: 1993 |
ISBN-10 |
: STANFORD:36105045288490 |
ISBN-13 |
: |
Rating |
: 4/5 (90 Downloads) |
Synopsis Financial Strength of Pensions and the Pension Benefit Guaranty Corporation by : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service