Thank you for sharing!

Your article was successfully shared with the contacts you provided.
3 people holding check boxes in front of their faces (Photo: Shutterstock)

The Pension Benefits Guaranty Corp. is unable to measure the success of a program designed to hold retirement benefits for missing participants and beneficiaries in terminated retirement plans, the agency’s Office of Inspector General said in a just-released report.

“We found that the Corporation does not have performance measures for the program,” the IG said. “PBGC officials did not provide a response as to why performance measures were not established. Furthermore, PBGC does not track the ongoing universe of missing participants.”



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.