The House Subcommittee on Health, Employment, Labor, and Pensions, chaired by Rep. Bob Good, is set to hold a hearing to examine the policies and priorities of the Pension Benefit Guaranty Corporation (PBGC), amid allegations of mismanagement involving the payment of $127 million in taxpayer money to fund pensions for nearly 3,500 deceased participants. The oversight hearing aims to hold PBGC accountable for what has been described as negligence and abuse of taxpayer funds, following the 'dogged work' of Rep. Virginia Foxx and Rep. Bob Good. The controversy centers around PBGC's refusal to recover the funds, with Rep. Tim Walberg labeling the overpayment as 'negligence.' Meanwhile, Democrats have defended the PBGC's role, highlighting the Special Financial Assistance Program under the American Rescue Plan Act, which they claim saved the pensions of over a million retirees and supported tens of thousands of businesses, underscoring the critical work done to secure the retirement of hard-working Americans.