Financial Management White Papers

The Pension Benefit Guaranty Corporation: Financial Condition, Potential Risks, and Policy Options

Overview This paper discusses the important issues of pension insurance and pension plan funding. Those issues are important to workers and firms that participate in defined-benefit pension plans as well as to U.S. taxpayers. At present, the underfunding of defined-benefit pension plans is a pervasive and sizable phenomenon. PBGC estimates that the vast majority of plans are currently underfunded to some degree. The agency's best estimate of total underfunding (on a termination basis) among all insured plans is $600 billion - $450 billion for single-employer plans and $150 billion for multiemployer plans.

Further White Paper Details
PublisherCongressional Budget Office File FormatPDF
Date PublishedJune 2005 Downloads116
FormatWhite Papers   
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