News & Policy

Congressional Testimony

Read or view statements by PBGC leadership before committees of the United States Congress.

Year 2012

Challenges Facing Multiemployer Pension Plans: Evaluating PBGC's Insurance Program and Financial Outlook — Testimony of PBGC Director Joshua Gotbaum before the Health, Employment, Labor, and Pensions Subcommittee, House Committee on Education and the Workforce (December 19, 2012)

Examining the Challenges Facing PBGC and Defined Benefit Pension Plans — Testimony of PBGC Director Joshua Gotbaum before the Health, Employment, Labor and Pensions Subcommittee, House Committee on Education and the Workforce (February 2, 2012)

Year 2011

Delphi Pension Fallout — Testimony of Vincent K. Snowbarger, Deputy Director for Operations, PBGC, before the House Committee on Oversight and Government Reform (November 14, 2011)

Lasting Implications of the General Motors Bailout — Testimony of Vincent K. Snowbarger, Deputy Director for Operations, PBGC, before the House Committee on Oversight and Government Reform, Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending (June 22, 2011)

Year 2010

PBGC: Is Stronger Management and Oversight Needed? — Statement of Joshua Gotbaum, Director, PBGC, before the Senate Committee on Health, Education, Labor & Pensions (December 01, 2010)
Statement of Joshua Gotbaum, nominated to serve as PBGC Director, before the Senate Committee on Health, Education, Labor & Pensions (January 20, 2010)

Year 2009

• No Guarantees: As Pension Plans Crumble Can PBGC Deliver? — Testimony of Vincent K. Snowbarger, Acting Director, PBGC, before the Senate Special Committee on Aging (May 20, 2009)

Year 2008

• Building an Economic Recovery Package: Creating and Preserving Jobs in America — Testimony of Charles E.F. Millard, Director, PBGC, before the House Committee on Education and Labor (October 24, 2008)
• Pension Benefit Guaranty Corporation — Testimony of Charles E.F. Millard, Director, PBGC, before the House Committee on Ways and Means, Subcommittee on Oversight (September 24, 2008)
• Challenges Facing Hawaii’s Air Service Market — Testimony of Vincent K. Snowbarger, Deputy Director for Operations, PBGC, before the Senate Committee on Commerce, Science and Transportation (April 10, 2008)

Year 2007

• Video: Senate Committee on Health, Education, Labor & Pensions hearing on nomination of Charles E.F. Millard to serve as PBGC Director (September 06, 2007)
• Statement of Charles E.F. Millard, nominated to serve as PBGC Director, before the Senate Committee on Finance (July 25, 2007)

Year 2005

• Airline Pensions: Avoiding Further Collapse — Testimony of Bradley D. Belt, Executive Director, PBGC, before the House Committee on Transportation & Infrastructure, Subcommittee on Aviation (June 22, 2005)
• Solvency of the Pension Benefit Guaranty Corp. – Current Financial Condition and Potential Risks — Testimony of Bradley D. Belt, Executive Director, PBGC, before the Senate Committee on Budget (June 15, 2005)
• Preventing the Next Pension Collapse: Lessons From the United Airlines Case — Testimony of Bradley D. Belt, Executive Director, PBGC, before the Senate Committee on Finance (June 07, 2005)
• PBGC Reform: Mending the Pension Safety Net — Testimony of Bradley D. Belt, Executive Director, PBGC, before the Senate Committee on Health, Education, Labor & Pensions, Subcommittee on Retirement Security and Aging (April 26, 2005)
• President's Proposal for Single-Employer Pension Funding Reform — Testimony of Bradley D. Belt, Executive Director, PBGC, before the House Committee on Ways and Means, Subcommittee on Select Revenue Measures (March 08, 2005)
• The Retirement Security Crisis: The Administration's Proposal for Pension Reform and Its Implications for Workers And Taxpayers — Testimony of Bradley D. Belt, Executive Director, PBGC, before the House Committee on Education and the Workforce (March 02, 2005)
• Protecting Pensions and Ensuring the Solvency of PBGC — Testimony of Bradley D. Belt, Executive Director, PBGC, before the House Committee on Government Reform, Subcommittee on Government Management, Finance, and Accountability (March 02, 2005)
• Financial Status of PBGC and the Administration’s Defined Benefit Plan Funding Proposal — Testimony of Bradley D. Belt, Executive Director, PBGC, before the Senate Committee on Finance (March 01, 2005)

Year 2004

• The Effect of Federal Bankruptcy and Pension Policy on the Financial Situation of the Airlines — Testimony of Bradley D. Belt, Executive Director, PBGC, before the Senate Committee on Commerce, Science, and Transportation (October 07, 2004)

Year 2003

• America's Pensions: The Next Savings and Loan Crisis? — Testimony of Steven A. Kandarian, Executive Director, PBGC, before the Senate Special Committee on Aging (October 14, 2003)
• Safeguarding America’s Retirement Security: An Examination of Defined Benefit Pension Plans and the PBGC — Statement of Steven A. Kandarian, Executive Director, PBGC, before the Senate Committee on Governmental Affairs, Subcommittee on Financial Management, the Budget, and International Security (September 15, 2003)
• Strengthening Pension Security and Defined Benefit Plans: Examining the Financial Health of the PBGC — Statement of Steven A. Kandarian, Executive Director, PBGC, before the House Committee on Education and the Workforce (September 04, 2003)
• Challenges Facing Pension Plan Funding — Statement of Steven A. Kandarian, Executive Director, PBGC, before the House Committee on Ways and Means, Subcommittee on Select Revenue Measures (April 30, 2003)
• Executive Director Kandarian Responds to Senate Committee on Finance Follow-up Questions from the hearing that the Committee held on March 11, 2003 (April 01, 2003)
• Funding Challenge: Keeping Defined Benefit Pension Plans Afloat — Statement of Steven A. Kandarian, Executive Director, PBGC, before the Senate Committee on Finance (March 11, 2003)
• Pension Plans Regarding US Airways — Statement of Steven A. Kandarian, Executive Director, PBGC, before the Senate Committee on Appropriations, Subcommittee on Labor, Health and Human Services, and Education (January 14, 2003)

Year 2002

• Retirement Security and Defined Benefit Pension Plans — Statement of Steven A. Kandarian, Executive Director, PBGC, before the House Subcommittee on Oversight Committee on Ways and Means (June 20, 2002)
• Retirement Security: Picking Up The Enron Pieces — Statement of Steven A. Kandarian, Executive Director, PBGC, before the Senate Committee on Finance (February 27, 2002)

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