PBGC's 4062(e) Pilot deemed a success

[Felix Mulier]

I think this is a good thing - sounds like it anyway. I've been on the PBGC's email list since there was once a possibility my former employer's pension plan could be managed by them.

PBCG started a pilot program in November to target their enforcement policies on businesses that were a higher risk - as opposed to all companies across the board. They did not enforce pension liabilities on 30 financially sound companies and also released some other companies from pre-existing enforcement.

"By focusing on companies that pose real risk, we hope to preserve and encourage companies to continue to offer traditional pensions," said PBGC Director Josh Gotbaum.

PBGC's Risk-based Policy Keeps Almost $1 Billion in Pension Obligations from Healthy Companies