Hearing on the Pension Benefit Guaranty Corporation
FOCUS OF THE HEARING:
The Subcommittee will review the financial condition, operations, and governance of PBGC. The hearing will focus on the deficit in the single-employer pension insurance program, the change in investment policy, and the governance weaknesses identified by GAO. The Subcommittee also will examine the overall status of the defined-benefit pension system, including the rise in the number of frozen or voluntarily terminated plans.