As employers migrate away from offering traditional pensions, the Pension Benefit Guaranty Corporation announced Tuesday it will take efforts to streamline regulations.
PBGC Director Josh Gotbaum says regulations shouldn't burden companies that voluntarily provide pensions, and that the agency is doing everything it can to keep and expand its customer base.
"Pensions are complicated, but regulations don't have to be," Gotbaum said. "By cutting through needless red tape, PBGC is encouraging businesses to set up and keep pension plans."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
