PBGC to Look Closer at Risky Pensions
The agency says it wants to ‘obtain enhanced recoveries from bankrupt plan sponsors that emerge from reorganization, and intervene in corporate transactions to mitigate loss.’
September 14, 2007
PBGC to Look Closer at Risky Pensions
The Pension Benefit Guaranty Corp., in its general strategic plan for fiscal
2008-2013 released Thursday, September 13, said one key goal will be to enhance
its scrutiny of pension plans.
“Improve risk monitoring and early warning activities and align resources
to assure proper plan terminations” will be a goal of the agency, according to
the strategic plan.
In addition, the PBGC said it wants to “obtain
enhanced recoveries from bankrupt plan sponsors that emerge from reorganization,
and intervene in corporate transactions to mitigate loss” to the agency.
The PBGC is seeking public comment on the plan, which is available
at www.pbgc.gov, until October 17.
Filed by Pensions & Investments, a sister publication of Workforce
Management. To comment, e-mail editors@workforce.com.
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