Pbgc

Charles E.F. Millard - Tenure At The PBGC
... During his tenure at PBGC, the agency's deficit shrank from $18.9 billion to $11.2 billion ... The PBGC is governed by a three-person Board the Secretaries of Treasury, Commerce, and Labor ... has argued that with very long time horizons, the PBGC should be able to invest in higher return assets ...

Charles E.F. Millard
... Millard is the former Director of the Pension Benefit Guaranty Corporation (PBGC) and is currently a Managing Director in charge of Pension Relations with Citigroup ... He was the first Director of the PBGC to be confirmed by the United States Senate and ran the agency from 2007 to 2009 ... was the chief executive officer of the PBGC and carried the rank of Under Secretary ...

Pension Benefit Guaranty Corporation - Leadership
... PBGC is headed by a Director, who reports to a board of directors consisting of the Secretaries of Labor, Commerce and Treasury, with the Secretary of Labor as chairman ... Act of 2006, the Director of the PBGC is appointed by the President and confirmed by the Senate ... Under prior law, PBGC's Board Chairman appointed an "Executive Director" who was not subject to confirmation ...

Pension Benefit Guaranty Corporation - Maximum Guaranteed Benefit
... The maximum pension benefit guaranteed by PBGC is set by law and adjusted yearly ... up to $4,653.41 per month (or $55,840.92 per year) under PBGC's insurance program for single-employer plans ... Additionally, the PBGC will not fully guarantee benefit improvements that were adopted within the five-year period prior to a plan's termination or ...

Retirement Plans In The United States - Portability, Valuation - PBGC Insurance: A Legal Difference
... does not provide insurance from the Pension Benefit Guaranty Corporation (PBGC) for Defined contribution plan, but cash balance plans do get such insurance because they, like all ERISA-defined benefit plans ...