Pension Benefit Guaranty

  www.pbgc.gov
  www.pbgc.gov
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Pension Benefit Guaranty Reviews

Updated May 30, 2014
Updated May 30, 2014
17 Reviews
3.0
17 Reviews
Rating Trends

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Josh Gotbaum
1 Rating

Employee Reviews

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  1. 1 person found this helpful  

    A good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst  in  Washington, DC
    Current Employee - Analyst in Washington, DC

    I have been working at Pension Benefit Guaranty full-time for more than 8 years

    Pros

    We have a fairly collegial atmosphere in my department. Everyone seems willing to help each other out.

    Cons

    Other departments can sometimes interfere with the work you are trying to do. They either have conflicting interests or squabble for purely political reasons.

    Recommends
    Neutral Outlook
  2.  

    In need of serious help

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Contractor  in  Washington, DC
    Current Employee - Contractor in Washington, DC

    I have been working at Pension Benefit Guaranty full-time for more than 3 years

    Pros

    - A place for older people and people with the very minimum of skills to work during the day.

    Cons

    PBGC is in need of an ethical review. The management there are some of the least qualified and most unethical individuals I've ever worked with. The agency is filled with nepotism, favoritism, micro-management, unethical treatment of both Federal and contractor employees as well as flat out harassment. People in power often hire friends who are completely unqualified for these positions. And they waste so many resources and money hiring contractors to do work that never gets reviewed. Easily the worst place I've ever worked in my life.

    Advice to ManagementAdvice

    Complete re-organization of OIT management structure. Place those in power who have proven themselves year after year after year. Do not put people who have achieved their status through relationships and favoritism. Monitor filed HR grievances as there are tons of them that need to be reviewed and addressed. If you do not address all of the unethical and EEO violations occurring at this place, it's going to be a big story like the last one PBGC had to endure. Treat contractors with some respect because the good ones have ties with a lot the good, ethical people who are federals and bad news travels fast. Anyone with a consistently bad annual performance review should be re-assigned. Otherwise the same problems will persist.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Government Corporation that's run for the benefit of Executive Managers of the Corporation and Their Minions

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Auditor  in  Washington, DC
    Former Employee - Auditor in Washington, DC

    I worked at Pension Benefit Guaranty full-time for more than 3 years

    Pros

    None that I can identify

    Cons

    Career dead-end for anyone who actually pursues excellence.

    Advice to ManagementAdvice

    Manage the corporation for the benefit of pensioners and their beneficiaries, not to make sure that you and your cronies are ensured employment until you can retire on your government pension. Hiring Chris Bone is a good thing. Now start to focus on what's important, the payments you make to pensioners and their beneficiaries. Start to make sure that you're paying who you should pay, what you should be paying them.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Terrible experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Pension Benefit Guaranty part-time

    Pros

    Great Gym facility. Great location next to metro

    Cons

    Leadership is petty. lack of outside exerience

    Doesn't Recommend
    Negative Outlook
  6. 1 person found this helpful  

    Odd and stifling experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Attorney  in  Washington, DC
    Current Employee - Attorney in Washington, DC

    I have been working at Pension Benefit Guaranty full-time for more than 5 years

    Pros

    good work/life balance, good benefits

    Cons

    Too narrowly focused (Title IV of ERISA only), overly political/petty senior leadership, management views professional growth or change as disloyalty, inordinate number of awkward/oddball employees

    Doesn't Recommend
    Neutral Outlook
  7. 2 people found this helpful  

    One of the better federal agencies to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Auditor  in  Washington, DC
    Current Employee - Auditor in Washington, DC

    I have been working at Pension Benefit Guaranty full-time for more than 3 years

    Pros

    When it comes to federal agencies, it is one of the better agencies. It's not huge, and there are a lot of workers here who are very knowledgeable about the work and care about their work and helping people get their pensions. Good work/life balance, of course, and good culture.

    Cons

    It's a federal agency-- can't escape all the issues typical of federal agencies. If you're an accounting major, be careful about the "audit" job you get into. A lot of the jobs, despite being labeled as audit, deal with compliance and not financial or internal control. If you want more translatable and universal audit skills and diverse experience, not the place you want to start your career. Because the work is so specialized and most employees have been here their whole career with no exposure to other industries/ procedures, it is not the place to find growth/ development. If you just want a job to show up to or need a temporary job with good benefits and stable hours while you study toward another degree/ certification before jumping to better things, then consider this agency/ federal in general. If you have ambition and want experience that will make your resume marketable, I'd reconsider if you want a career in audit/accounting.

    Recommends
  8. 1 person found this helpful  

    Great experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Pension Benefit Guaranty

    Pros

    Love the corporate culture at PBGC

    Cons

    Can tend to get stagnant

    Recommends
  9. 1 person found this helpful  

    Economist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Economist  in  Washington, DC
    Current Employee - Economist in Washington, DC

    I have been working at Pension Benefit Guaranty full-time for more than 3 years

    Pros

    Interesting work. Get a lot of exposure

    Cons

    Get Boring some times. The work can be slow.

    Recommends
    Negative Outlook
  10. 2 people found this helpful  

    Working with PBGC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Pension Benefit Guaranty full-time for more than a year

    Pros

    Great location for commuting staff (commuter buses, metro access).

    Cons

    Many of the federal staff have remained with the agency for years without exposes to experiences and training except for PBGC. They do not know how to think outside the box and this has resulted in waste and abuse of funds.

    Advice to ManagementAdvice

    Obtain leadership and management training, Stop hiring from within it hurts morale because the current staff is seriously lacking the experiences and trainings to perform their jobs.

    Doesn't Recommend
    Neutral Outlook
  11. 1 person found this helpful  

    PBGC is a good place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Project Manager  in  Washington, DC
    Current Employee - IT Project Manager in Washington, DC

    I have been working at Pension Benefit Guaranty full-time for more than 5 years

    Pros

    PBGC has a good mission preserving eligible retirees pension benefits.

    Cons

    Federal workforce have not had a raise for the past few years.

    Recommends
    Neutral Outlook

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