WASHINGTON – The Pension Benefit Guaranty Corporation (PBGC) was recognized for its No. 3 spot in the Small Agency category of the 2023 Best Places to Work in the Federal Government.
This is the seventh consecutive year that PBGC has ranked in the Top 5 as a Best Place to Work in the Federal Government.
“This recognition is an honor for PBGC’s staff, who are dedicated to advancing PBGC’s mission of protecting the retirement security of the millions of Americans who depend on us,” said Acting Director Ann Y. Orr. “As we celebrate PBGC’s 50th anniversary this year, I’m proud to work alongside such a talented team and look forward to our continued work together.”
Two PBGC program offices also placed in the Top 5 of the Agency Subcomponents category: The agency’s Office of Negotiations and Restructuring ranked No. 1 of 459 agency subcomponents; and the Office of Chief Financial Officer ranked No. 3.
The Best Places to Work in the Federal Government rankings were announced by the nonpartisan, nonprofit Partnership for Public Service and Boston Consulting Group. The rankings are based on the Office of Personnel Management’s Federal Employee Viewpoint Survey, an annual measure of engagement and satisfaction across the government workforce.
PBGC also rated first among small agencies in the following two categories:
- Diversity, Equity, Inclusion and Accessibility (DEIA): Equity
- DEIA: Inclusion
About PBGC
PBGC protects the retirement security of over 31 million American workers, retirees, and beneficiaries in both single-employer and multiemployer private sector pension plans. The agency’s two insurance programs are legally separate and operationally and financially independent. PBGC is directly responsible for the benefits of nearly 1.4 million participants and beneficiaries in failed single-employer pension plans. The Single-Employer Program is financed by insurance premiums, investment income, and assets and recoveries from failed single-employer plans. The Multiemployer Program is financed by insurance premiums and investment income. Special financial assistance for financially troubled multiemployer plans is financed by general taxpayer monies.