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PBGC Blog: Retirement Matters

Open Government at PBGC

  |   August 28, 2015

PBGC's Open Government webpage highlights our commitment to increase transparency, participation and collaboration with our stakeholders. The page includes important PBGC data sets that are used to increase our accountability to the public, and to improve the public's awareness of our operations and how we carry out our mission.

The page also provides information about how the American public can provide input to help make PBGC's performance even better and more engaging. We invite you to review our Open Government Plan [PDF] and principles that shape our commitment to Open Government.

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(L to R) Joyce Mader, Advisory Committee Chair; Regina T. Jefferson, Committee Member; and Alice Maroni, PBGC Acting Director.

Regina T. Jefferson is the newest member of PBGC's Advisory Committee; she was nominated by President Obama on July 15. And today, she attended her first Advisory Committee meeting.

Jefferson is a professor of law at the Catholic University of America where she teaches courses in Federal Income Taxation, ERISA: Pensions Tax Policy, and Partnership Taxation.

"Regina's authority on pension and tax laws, and employee benefits will be a significant addition to the Advisory Committee," said PBGC Acting Director Alice Maroni. "We look forward to working with her in the days ahead."

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On June 29, President Obama signed legislation to extend the Health Coverage Tax Credit (HCTC) through Dec. 31, 2019. The law was enacted as part of the Trade Preferences Extension Act of 2015, Pub. L. 114-27. The HCTC previously expired Dec. 31, 2013.  

The IRS will manage the program again, and when new guidelines are ready, we'll let PBGC participants know how to apply for the tax credit. You'll find the information here, on Retirement Matters, and on PBGC.gov.  

Sign up today to make sure you receive all PBGC blog entries and important HCTC updates. 

Today, the Pension Benefit Guaranty Corporation published a request for proposals under a pilot program for smaller asset managers. Proposals are due by Aug. 18, 2015.

The agency will hire up to five managers to invest in a U.S. fixed income portfolio with allocations ranging from $50 million to $250 million.
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The vital role PBGC plays in providing retirement security is highlighted in our 2014 state-by-state pension plan information. As the map shows, our economic reach spans across all 50 states and U.S. Territories. For example, PBGC paid $101 million to retirees in Colorado, and $287 million to retirees in Indiana.

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Here at PBGC, it's our hope that you're using every week to plan for your retirement. But if not, this week, April 13 - 17, is a good time to start. That's because this week is National Retirement Planning Week (NRPW)!

Recognized in April, during financial literacy month, NRPW represents a national effort to help consumers focus on their financial needs during retirement. This effort is led by the National Retirement Planning Coalition - a group of prominent education, consumer advocacy and financial services organizations charged with educating Americans on the importance of retirement planning.

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