US - Lawmakers introduced new legislation yesterday that would expand the board of the Pension Benefit Guaranty Corp. and prevent the director from participating in the manager selection process.
The legislation calls for stricter oversight of the PBGC. It expands the board from three to seven members, staggers the board terms and requires the board to meet at least four times a year. Th...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
