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PBGC Blog: Retirement Matters

PBGC Director Josh Gotbaum recently returned from the 3rd Annual U.S. Investment Management Awards where he was honored by Institutional Investor magazine with its Outstanding Contribution Award. The magazine selected Gotbaum "for the important work he’s doing to protect the future of defined benefit plans and their beneficiaries."

In an article on the magazine’s website, writer Frances Denmark says Gotbaum has become "a national voice calling for new forms of defined benefit plans" and notes his forceful efforts to preserve pensions at American Airlines. 

Read the full article on Institutional Investor website.

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...

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...

As Josh Gotbaum pointed out in a recent Newsday op-ed, Americans are living longer and need to prepare for longer retirements.

Social Security also has to get ready.

As reported by US News, here are some data points relevant to Social Security’s finances: More...

It’s time to face retirement realities, PBGC Director Josh Gotbaum writes in the March 11 issue of Long Island’s Newsday.

People will need to save more for longer retirements, but that’s not enough. Gotbaum calls for new pension options that share responsibility between employers and employees.

Read Don't ignore retirement insecurity.