PBGC has developed specialized tools, technology, and financial expertise so that it can meet companies on their own terms. PBGC staff use financial information services and news databases and technology. PBGC also relies on information sharing among the Department of Labor, the Internal Revenue Service and the Securities and Exchange Commission. PBGC will work with the company to tailor a settlement that is appropriate to the business transaction and financially feasible for the company. PBGC's Early Warning Program has raised awareness of pension underfunding and is changing corporate behavior.
Corporations understand that good pension practices are part of good business.
More companies are focusing on the pension plan's treatment earlier in transactions, and more companies are approaching PBGC in advance of transactions to structure protections for their pension plans.