Pension Benefit Guaranty Corporation Contracting Management Needs Improvement

The PBGC insures the benefits of 43 million participants from default of their employer-sponsored defined benefit pension plans. To carry out its work, PBGC relies heavily on the services of contractors whose headquarters & field employees account for almost half of the workforce involved in processing PBGC's workloads. This report: (1) determines the basis for PBGC's decisions regarding the use of contractors versus government personnel to address its workloads; (2) assesses PBGC's processes & procedures for selecting contractors; & (3) determines how effective PBGC has been in monitoring the performance of its contractors. Tables.Bovbjerg, Barbara D. is the author of 'Pension Benefit Guaranty Corporation Contracting Management Needs Improvement' with ISBN 9780756708979 and ISBN 0756708974.