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ERISA's Rich History: A Conversation with Phyllis C. Borzi, Assistant Secretary of Labor of EBSA
Bloomberg BNA
Sept. 10, 2014
"One area of ERISA that has proven difficult over the years is the function of the Pension Benefit Guaranty Corporation. 'There was never agreement when ERISA was passed and there isn't agreement now as to what PBGC was supposed to be,' she said. 'The reason the PBGC has proved to be a vexing, difficult program is because unlike these other areas of ERISA, where there was broad, general consensus,' there was dispute over what it should look like, she said."
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