Chairman Good to Conduct Oversight of the Pension Benefit Guaranty Corporation
WASHINGTON, D.C.,
March 13, 2024
WASHINGTON — On Wednesday, March 20, at 10:15 a.m., the Subcommittee on Health, Employment, Labor, and Pensions, chaired by Rep. Bob Good (R-VA), will hold a hearing titled: "Examining the Policies and Priorities of the Pension Benefit Guaranty Corporation."
"The Pension Benefit Guaranty Corporation (PBGC) represents some of the worst of the Biden administration’s incompetence and misuse of taxpayer dollars," said Chairman Good. "Its failure to implement standard controls and verification procedures has resulted in millions of dollars in inaccurate payments—at least $127 million of which was sent to fund pensions for dead participants. This hearing will shine a much-needed light on PBGC’s mismanagement and ineffectiveness." What: Subcommittee hearing titled “Examining the Policies and Priorities of the Pension Benefit Guaranty Corporation” When: 10:15 a.m. on Wednesday, March 20, 2024 Where: 2175 Rayburn House Office Building Press: The hearing is open to the press and will be live-streamed on the Committee’s YouTube page. ### |