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GAO Testimony: PBGC Single-Employer Pension Insurance Program Faces Significant Long-Term Risks
U.S. Government Accountability Office [GAO]
Sept. 5, 2003
43 pages. "Agency officials and others have ... identified a variety of options to address the challenges facing the single-employer program that should be considered. The first, would be to improve the transparency of information about plan funding, plan investments, and PBGC guarantees; a second would be to strengthen funding rules to ensure that poorly funded plans are better funded in the future; and a third would be to reform PBGC by restructuring certain unfunded benefit guarantees, such as so-called 'shutdown benefits,' and program premiums." [GAO-03-873T, published Sept. 4, 2003, released Sept. 4, 2003]
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