A look at how the Pension Benefit Guaranty Corp. changed during Joshua Gotbaum’s tenure.
Good news, bad news: Despite a 7.4% increase in total assets, the PBGC’s net deficit increased 55% between its 2010 and 2013 fiscal years.
Closing the gap: Congress raised premiums in 2012 to reduce the divergence between benefits paid and premiums collected.
Shifting assets: Under Mr. Gotbaum, fixed-income and real estate allocations rose, while public and private equity allocations fell.
Happy returns: The PBGC’s composite portfolio outperformed its benchmark by 40 basis points annually under Mr. Gotbaum. Its bond portfolio outperformed by 50 basis points, while its equity portfolio slightly outperformed.
Source: Pension Benefit Guaranty Corp.
Compiled and designed by Timothy Pollard and Gregg A. Runburg