As employers migrate away from offering traditional pensions, the Pension Benefit Guaranty Corporation announced Tuesday it will take efforts to streamline regulations.
PBGC Director Josh Gotbaum says regulations shouldn't burden companies that voluntarily provide pensions, and that the agency is doing everything it can to keep and expand its customer base.
"Pensions are complicated, but regulations don't have to be," Gotbaum said. "By cutting through needless red tape, PBGC is encouraging businesses to set up and keep pension plans."
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