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Business-Labor Partnership Statement on Josh Gotbaum’s Departure from PBGC

Partnership for Multiemployer Retirement Security Hails Gotbaum as Dedicated and a Strong Leader, a Champion for Pension Beneficiaries

(WASHINGTON)--Following the announcement that Pension Benefit Guaranty Corporation (PBGC) Director Josh Gotbaum will leave the agency, the Partnership for Multiemployer Retirement Security, a joint initiative of business and labor, issued the following statement:

“We thank Josh Gotbaum for his service and his commendable dedication to the retirees of America and the pension plans that support them. The Pension Benefit Guaranty Corporation’s fiscal straits, combined with the importance of secure retirements, makes running the agency a challenge for anyone, but Josh did it with strong leadership and grace. We always have appreciated his open door policy and his approach as an honest broker when discussing the possible solutions to the challenges facing the millions of Americans in multiemployer plans across the country. Pension beneficiaries have benefitted from his steady stewardship and will be losing a champion with his departure. We wish him well.”

About the Partnership for Multiemployer Retirement Security

The Partnership for Multiemployer Retirement Security was formed in February 2013 with the release of “Solutions not Bailouts: A Comprehensive Plan from Business and Labor to Safeguard Multiemployer Retirement Security, Protect Taxpayers and Spur Economic Growth.” The recommendations in the plan were developed by the National Coordinating Committee for Multiemployer Plan’s Retirement Security Review Commission over a period of 18 months. The Commission studied the challenges facing the multiemployer pension system and designed a series of recommendations that safeguard retirement security and specifically address the challenges facing multiemployer plans. This comprehensive plan from business and labor, if enacted, will ensure that multiemployer plans continue their decades-long mission of providing cost-effective and reliable retirement benefits to millions of working class Americans while protecting taxpayers from risk.

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Posted 15:37PM on July 11 2014 by Jessica
Categories: Press Release