WThe Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary to carry out its operations. Subject to other statutory limitations, PBGC's single-employer insurance program pays pension benefits up to the maximum guaranteed benefit set by law to participants who retire at 65. The benefits payable to insured retirees who start their benefits at ages other than 65 or elect survivor coverage are adjusted to be equivalent in value. The maximum monthly guarantee for the multiemployer program is far lower and more complicated.
WMatthew Kipling Fong was an American Republican politician who served as the 30th California State Treasurer. He was a government appointee, finance industry director, and consultant after retiring from the Air Force Reserve.
WGordon Hartogensis is an American businessman who has served as the Director of the Pension Benefit Guaranty Corporation since 2019.
WSteven A. Kandarian was the president, chairman, and chief executive officer of MetLife. He became president and CEO on May 1, 2011, and chairman in January 2012 succeeding Robert Henrikson, who retired from those roles. Kandarian retired from MetLife on April 30, 2019 and was succeeded by Michel Khalaf.
WCharles E. F. Millard is the former Director of the United States Pension Benefit Guaranty Corporation. Currently a senior advisor for Amundi Pioneer, Millard is also a consultant/advisor for multiple companies through Cardinal Advisors LLC, and serves on the Board of Directors of Ross Corporate Services, a UK-based pension services firm. Previously Millard was Managing Director in charge of Pension Relations with Citigroup. He has also been an advisor for McKinsey, AQR Capital, and the Kiski Group.
WThe Pension Protection Act of 2006, 120 Stat. 780, was signed into law by U.S. President George W. Bush on August 17, 2006.
WVincent K. Snowbarger is an American lawyer and politician from Kansas. He is a former Republican member of the United States House of Representatives.