The PBGC is peddling defined benefit pension plans. Exactly a year after David M. Strauss took charge of the federal pension insurance agency, the agency published a booklet explaining how these traditional pension plans work. The booklet also tells workers their rights and options under such plans, and includes a pension checklist of information for workers about their plans. It will be available on the Web starting July 27 at www.pbgc.gov.
``This is important information both for workers who are covered by traditional pension plans and others who want to know how these plans operate and the advantages they provide,'' Mr. Strauss said. ``Only defined benefit pensions offer predictable, secure benefits for life,'' he said.
