The Governance Structure of the Pension Benefit Guaranty Corporation: An Independent Review

The Moving Ahead for Progress in the 21st Century Act of 2012 mandated that the Pension Benefit Guaranty Corporation (PBGC) contract with the National Academy of Public Administration (the Academy) to conduct a comprehensive review of PBGC's governance structure and offer recommendations to enhance its effectiveness. PBGC is governed by a three-member Board consisting of the Secretaries of Labor, Commerce, and Treasury.