Pension and Welfare Benefits Administration

PWBAFederal agency

What it does

The Pension and Welfare Benefits Administration (PWBA) is responsible for the administration and enforcement of Title I of the Employee Retirement Income Security Act of 1974 (ERISA) and the Federal Employees' Retirement System Act of 1986 (FERSA). The primary mission of PWBA is to protect the pension, health and other benefits of participants in private sector employee benefit plans. PWBA directly affects the livelihood of over 150 million people who participate in ERISA-covered plans, and protects the U.S. economy's single largest source of capital for investment--pension funds. Currently, there are over 91 million participants, including workers and retirees, in private pension plans which hold more than $4.3 trillion in assets.

Where it sits

A component of Labor Department.

Recent actions

Prohibited Transaction Exemption 2008-06; Grant of Individual Exemptions involving D-11369, The Swedish Health Services Pension Plan; D-11434, Credit Suisse (CS) and Its Current and Future Affiliates; and D-11446, Amendment to Prohibited Transaction Exemption (PTE) 93-31, PTE 97-34, PTE 2002-41, PTE 2007-05, involving Bank of America, N.A., the Successor of NationsBank CorporationMay 13, 2008

Labor Department

Civil Penalties Under ERISA Section 502(c)(7) and Conforming Technical Changes on Civil Penalties Under ERISA Sections 502(c)(2), 502(c)(5) and 502(c)(6)January 24, 2003

Labor Department

Final Rule Relating to Notice of Blackout Periods to Participants and BeneficiariesJanuary 24, 2003

Labor Department

Proposed Extension of Information Collection Request Submitted for Public Comment; Prohibited Transaction Class Exemption 2002-12, Cross-Trades of Securities by Index and Model FundsJanuary 23, 2003

Labor Department

Proposed Exemptions; John Hancock Life Insurance CompanyJanuary 22, 2003

Labor Department

Final Rule Relating to Adjustment of Civil Monetary PenaltiesJanuary 22, 2003

Labor Department

Notice of Proposed Individual Exemption Involving the Northwest Airlines Pension Plan for Salaried Employees, the Northwest Airlines Pension Plan for Pilot Employees, and the Northwest Airlines Pension Plan for Contract Employees (Collectively, the Plans) Located in Eagan, MNJanuary 17, 2003

Labor Department

Fiduciary Responsibility Under the Employee Retirement Income Security Act of 1974; Automatic RolloversJanuary 7, 2003

Labor Department

View all actions on the Federal Register