June 12, 2006 - Pension Regulator Tells Reps of 5 Active Lawsuits Against Pension Plans for Misuse of Funds
WASHINGTON, D.C. – Representative Edward Markey (D-MA), a senior member of the House Energy and Commerce Committee, and Representative George Miller (D-CA), the Senior Democrat on the House Education and the Workforce Committee, today released a letter from the Pension Benefit Guaranty Corporation (PBGC) that responds to their May 2, 2006 request for information about the services that PBGC’s investment consultant, Wilshire Associates, has been providing PBGC and the work that Wilshire may have provided terminated pension plans currently under PBGC’s control. The May 2nd letter follows the Department of Labor’s subpoena of Wilshire, issued as part of the Department’s investigation of potential conflicts of interest in the pension consulting industry.
May 2, 2006- Reps. Question PBGC On Its Use Of Consultant Wilshire Associates
WASHINGTON, D.C. – Representative Edward Markey (D-MA), a senior member of the House Energy and Commerce Committee, and Representative George Miller (D-CA), of the Senior Democrat on the House Education and the Workforce Committee, today sent a letter to Bradley Belt, executive director of the Pension Benefit Guaranty Corporation (PBGC), to request information about the services that PBGC’s consultant, Wilshire Associates, has been providing PBGC and the work that Wilshire may have provided the terminated pension plans currently under PBGC’s control. The letter sent by Reps. Markey and Miller follows the Department of Labor’s subpoena of Wilshire, issued as part of the Department’s investigation of potential conflicts of interest in the pension consulting industry.
April 24, 2006- Reps. Urge Labor Department, SEC Action Against Conflicts of Interest in Pension Consulting Industry
Washington, DC- Representative Edward Markey (D-MA), a senior Democratic Member of the House Energy and Commerce Committee, and Rep. George Miller, the Ranking Democratic Member of the House Education and the Workforce Committee, today issued the following statements in response to confirmation that Wilshire Associates received a subpoena from the Department of Labor (DOL) in connection with DOL’s investigation of conflicts of interest among investment consulting firms.
February 3, 2006- Labor Department Reports It is Investigating Conflicts of Interest Within Pension Consulting
WASHINGTON, D.C. – Representative Ed Markey (D-MA) and Representative George Miller (D-CA) today released a letter from the Labor Department that responds to their August 12, 2005 letter regarding conflicts of interest within the pension consultant industry. The Labor Department letter indicated that the Department has initiated investigations into conflicts of interest within the pension consulting industry.
Learn more about the United States Government, Congress and how laws are made and visit "Kid's in the House" to play games or take a virtual field trip to Congress.
