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Pension Benefit Guaranty Corporation (PBGC): A Primer
Congressional Research Service [CRS] 
[Guidance Overview] Jan. 8, 2021 26 pages. "At the end of FY2020, PBGC had a total deficit of $48.2 billion, which consisted of a $15.5 billion surplus from the single-employer program and a $63.7 billion deficit from the multiemployer program. PBGC's single-employer program has been on the [GAO's] list of high-risk government programs since 2003. PBGC's multiemployer program was added in 2009. PBGC projects the financial position of the single-employer program is likely to continue to improve, but the financial position of the multiemployer program is expected to worsen considerably over the next 10 years." [Report 95-118, updated Jan. 8, 2021; also An Overview of the [PBGC], IF10492, Jan. 8, 2021] |
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