USA - Pension System Overview


Key regulatory and Supervisory Authority

  • The Treasury Department: supervises the collection of social security taxes through the Internal Revenue Service and supervises the payment of benefits and the management of social security funds:
  • The Internal Revenue Service (IRS): administers the Internal Revenue Code and determines the tax-qualified status of plans. It has jurisdiction over eligibility, vesting, and funding requirements under ERISA. The IRS is part of the Treasury:
  • The Employee Benefits Security Administration (EBSA): enforces ERISA’s standards concerning reporting, disclosure, and fiduciary matters. It is part of the Department of Labor:
  • The Pension Benefit Guaranty Corporation (PBGC): administers plan termination rules and an insolvency insurance program for private DB plans:


Selected Key Statistical References


Other resources


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