In the private sector, he has been an executive of a financial services and technology company, and managing director of merchant banking and public affairs strategy firms.
As the chief executive officer of PBGC, Belt oversaw the U.S. government corporation that insures the pension benefits of private sector workers and retirees.
The bill also created added incentives for greater worker participation in 401(K)s. During Belt's tenure as director, the PBGC took on extensive liabilities from terminated pension plans, including United Air Lines, and became massively underfunded.
"[citation needed] Belt joined the Milken Institute from Palisades Capital, a boutique restructuring advisory and investment firm he co-founded.
Bradley Belt is senior managing director of the Milken Institute, heading its Washington office and co-chairing the Center for Financial Markets.
He is a co-founder of Palisades Capital Management LLC, a restructuring advisory and investment firm that focuses on pensions, insurance and financial services.
Previously, he was the CEO of the Pension Benefit Guaranty Corp., a federally chartered corporation that insures the defined-benefit plans of private employers, overseeing a $60 billion investment portfolio.
He served under President George W. Bush as the chief executive officer of Pension Benefit Guaranty Corporation (PBGC), where he oversaw a $60 billion investment portfolio and helped shape the administration’s retirement security policy.
With gravity and good humor, he looks at demographics, financial markets, and the economy to help organizations assess risk and develop a strategy for managing the retirement plans they offer.