Pension Benefit Guaranty Corporation (PBGC) Investment Policy: Issues for Congress

Description:

The Pension Benefit Guaranty Corporation is a federal corporation established under Title IV of the Employee Retirement Income Security Act of 1974. It insures private pension beneficiaries against the complete loss of accrued benefits if their defined benefit pension plan is terminated without adequate funding. It receives no appropriations from general revenue. Its operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income from the assets in its trust fund, and recoveries from the companies formerly responsible for the trusted plans.

Creator(s):
Location(s): United States
Creation Date: September 8, 2008
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
Usage:
Total Uses: 40
Past 30 days: 5
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Creator (Author):
Kinneen, Kelly

Analyst in Income Security

Creator (Author):
Purcell, Patrick

Specialist in Income Security

Publisher Info:
Place of Publication: Washington D.C.
Date(s):
  • Creation: September 8, 2008
Coverage:
Place
United States
Description:

The Pension Benefit Guaranty Corporation is a federal corporation established under Title IV of the Employee Retirement Income Security Act of 1974. It insures private pension beneficiaries against the complete loss of accrued benefits if their defined benefit pension plan is terminated without adequate funding. It receives no appropriations from general revenue. Its operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income from the assets in its trust fund, and recoveries from the companies formerly responsible for the trusted plans.

Physical Description:

24 pages.

Language(s):
Subject(s):
Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
Identifier:
  • CRS: PBGC_Investment_Policy | Check for Other Editions
  • LOCAL-CONT-NO: PBGC_Investment_Policy_2008Sep08
  • ARK: ark:/67531/metadc83884
Resource Type: Report
Format: Text