Pension Benefit Guaranty Reviews

Updated July 3, 2015
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2.8
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Josh Gotbaum
3 Ratings

20 Employee Reviews

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  1. Government agency

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

    I have been working at Pension Benefit Guaranty

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Flexible schedule Manage your own time and pace

    Cons

    Growth is limited Seniority is key

    Advice to Management

    Creation of a mentorship program to grow within.


  2. Slavery in Washington, d.c.

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

    I worked at Pension Benefit Guaranty

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    As I stated, there were no good pros. The only good pros were the salary, but the other agencies received the same pros as PBGC. The pro was the increase in wage every year.

    Cons

    This federal agency is like a bad, real bad soap opera. The individuals in positions of leadership run this agency like they are slave masters. I have evidence to support my comments and audio tapes of the erroneous, back stabbing way that the controller ran his employees like farm animals.

    Advice to Management

    The advice from many that are still at PBGC is to fire him. He is a Controller out of control.


  3. Helpful (1)

    Financial Analyst

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

    I have been working at Pension Benefit Guaranty

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    It is a good place for people who want a good life/work balance. Also, good working hours and ability to telework but only 1 day a week 9not bad).

    Cons

    It is very difficult to get recognize and get promotion. Too much politics in deciding who gets promotion. In same cases.


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  5. In need of serious help

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

    I have been working at Pension Benefit Guaranty full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

    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.


  6. Helpful (1)

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

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

    I worked at Pension Benefit Guaranty full-time (More than 3 years)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    None that I can identify

    Cons

    Career dead-end for anyone who actually pursues excellence.

    Advice to Management

    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.


  7. Helpful (2)

    Terrible experience

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

    I worked at Pension Benefit Guaranty part-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Great Gym facility. Great location next to metro

    Cons

    Leadership is petty. lack of outside exerience


  8. Helpful (1)

    A good place to work

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

    I have been working at Pension Benefit Guaranty full-time (More than 8 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    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.


  9. Helpful (1)

    Odd and stifling experience

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

    I have been working at Pension Benefit Guaranty full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    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


  10. Helpful (3)

    One of the better federal agencies to work for.

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

    I have been working at Pension Benefit Guaranty full-time (More than 3 years)

    Recommends
    Recommends

    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.


  11. Helpful (1)

    Great experience

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

    I worked at Pension Benefit Guaranty

    Recommends
    Recommends

    Pros

    Love the corporate culture at PBGC

    Cons

    Can tend to get stagnant



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