Consolidated Administrative Activities

What this funds

PBGC. The Financial Operations Department (FOD) provides comprehensive accounting, financial reporting, premium filing, and financial management services. FOD ensures statutory compliance, transparent financial disclosures, and robust internal controls in line with the federal The Office of the Chief Information Officer (OCIO) is responsible for the Corporation's IT program and delivers secure, reliable, and scalable IT to support PBGC carrying out its mission. The OCIO provides IT and electronic communications services and support to PBGC; plans, directs, and coordinates the allocation of corporate resources for IT services, support, and related and safeguards PBGC business and infrastructure systems; manages cybersecurity; administers agency IT governance structures; and oversees the acquisition of IT resources for PBGC. To accomplish its functions, the OCIO has four departments: the Business Innovation Services Infrastructure Operations Department (ITIOD), and the Enterprise Cybersecurity Department The Office of Management and Administration (OMA) plans and directs the efficiency and effectiveness of the Corporation's management and administrative policies and programs including formulation and execution of the budget, procurement of goods and services for PBGC, recruitment and various human capital initiatives, quality and performance management, strategic planning, customer service, and facility management. OMA includes the Budget Quality Management Department (QMD), and Workplace Solutions Department (WSD). The Office of the General Counsel (OGC) provides legal advice and counsel for the Director and the PBGC on all legal matters. This includes enforcement of Title IV of ERISA and bankruptcy related legal actions through litigation, negotiation, drafting regulations and guidance, deciding administrative appeals, and administration of the Freedom of Information Act and Privacy Act. OGC represents PBGC in all state, federal and administrative litigation and manages PBGC's regulatory program. OGC is composed of the Bankruptcy, Litigation, and Terminations Department (BLTD); Bankruptcy, Transactions, and Terminations Department (BTTD); General Law and Operations Department (GLOD); and Program Law Department The Office of Negotiations & Restructuring (ONR) administers PBGC's two defined benefit plan insurance programs (single-employer and multiemployer). It works with corporate sponsors to preserve their pension plans by monitoring, conducting financial and actuarial analysis, and negotiating plan protections. When plans cannot be preserved, ONR coordinates termination and collection of liabilities of single-employer plans, and payment of financial assistance to multiemployer plans. ONR reviews all applications for SFA received by eligible multiemployer pension plans under the provisions of ARP and reviews standard terminations of single-employer plans to ensure that participants receive their promised benefits. All ONR operations are supported by actuarial analysis. PBGC's engagement with plan sponsors on single-employer and multiemployer plan transactions, including review of SFA applications, enable PBGC to mitigate risks to both of its insurance programs. ONR includes the Corporate Finance & Restructuring

Extracted from Pension Benefit Guaranty Corporation, p. 9. Verbatim; nothing here is paraphrased.

Ask this budget line

Answers come from the figures on this page and nothing else. These dollars are parsed from Labor's Congressional Justification and are approximate — confirm anything that matters against the cited page.