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 Form 10 Pbgc 2015

2015-2024 Form

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Instructions and help about Form 10 PGC

Welcome to Bloomberg law I'm Lee Paris well I could excuse you for thinking otherwise PGC is not a fashion line for tweezers on the west coast it's actually an independent government agency charged with protecting the more than 27,000 voluntary private to find bench and pen of it plans some forty-four million Americans used for retirement income joining me now to discuss the agency and its prospects for 2012 we're happy to say we have Josh Scott Baum he's the director of the Pension Benefit Guaranty Corporation thank you so much for coming in glad to be here Lee so let's start at the beginning bringing our viewers up to speed what is the PGC and what does it do okay the easiest way to do it is by analogy there is the Federal Deposit Insurance Company and what the FDIC does is when a bank gets in trouble the FDIC steps in and guarantees deposits the Pension Benefit Guaranty Corporation does the same thing for private pensions when a company gets into trouble its bankrupt or otherwise ca

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