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Senate panel questions PBGC nominee Janet Dillon on Special Financial Assistance, premiums and pension risk transfers
Summary
Janet Dillon, President Trump’s nominee to lead the Pension Benefit Guaranty Corporation, told the Senate Finance Committee she would work with PBGC experts and Congress to address structural problems in the multiemployer pension system while acknowledging implementation lapses in the Special Financial Assistance program.
Janet Dillon, nominated to lead the Pension Benefit Guaranty Corporation, told the Senate Finance Committee that she would work with PBGC staff and Congress to address structural problems in the multiemployer pension system while seeking to improve agency operations and transparency.
In her opening remarks, Dillon described her time as chair of the U.S. Equal Employment Opportunity Commission and private-sector general counsel roles and said she was prepared to “review all aspects of the PBGC’s operations” if confirmed. She noted that roughly 31 million workers, retirees and beneficiaries rely on PBGC protections and said the agency manages…
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