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PBGC Blog: Retirement Matters

Most people won't have enough to live the life they want when they retire. And they know it, too. But what will they do about it?

PBGC Director Josh Gotbaum spoke this morning at the National Press Club in Washington about today's retirement realities. More...

The Best-Saved Plans

  |   March 29, 2012

When the best-laid pension plans go away, PBGC is there to help. But the “best-saved plans” are the ones we never trustee.

When an employer proves it absolutely can’t keep its pension plan, PBGC steps in to pay retiree benefits, up to the limits set by law. But it’s a lot better for everybody—especially retirees—when a company can keep its own pension promises without having fall back on our guarantees. More...

PBGC: Proud of Our People

  |   March 26, 2012

We’ve got a couple of good reasons to be proud these days. First, PBGC people opened their hearts and wallets to again exceed the agency’s goal in the recent Combined Federal Campaign. More than $257,000 was raised for more than 4,000 local, national and international charities. Second, the video that promoted the campaign was one of two honored for excellence among all federal agencies.

You can view the winning video: PBGC Video on YouTube.

26,000 Keep Pensions at A&P

  |   March 26, 2012

PBGC wants pensions to continue whenever possible. We recently helped A&P exit bankruptcy, while keeping pensions for its 26,000 employees. Here's what we had to say: PBGC: A&P Preserves Single-Employer Pensions in Chapter 11.

Remember elementary school, and lining up on risers once a year for the class picture?

Most of us never gave a second thought to the photographer, or the folks back in the lab who processed and printed all those photos.

Well, while we were squirming and thinking of recess, they were hard at work. Making a living and building up a pension for their retirement years. More...

Pensions Need a Makeover

  |   March 22, 2012

Defined benefit pensions provide lifetime retirement security, but need to be updated for today’s workforce. PBGC Director Josh Gotbaum talked about his ideas at a recent forum sponsored by Institutional Investor magazine. Here’s a March 20 report from the magazine’s Investor Intelligence Network website: More...