Budget Reconciliation and the PBGC

Renade, Neela K

Library of Congress. Congressional Research Service.

关键词: Budgets;    Pension funds;    Pension Benefit Guaranty Corporation;    Budget reconciliation;    Pensions;   

RP-ID  :  RS22315
RP-ID  :  RS22315 2005-11-10

美国|英语

来源: UNT Digital Library

【 摘 要 】

The Pension Benefit Guaranty Corporation (PBGC) posted a deficit of $23.5 billion as of the latest reporting period, and the deficit is expected to grow further. Major bills introduced in the 109th Congress to reform funding rules for the defined benefit pension system and to raise PBGC premiums include H.R. 2830 and S. 1783. Neither has yet passed the full House or Senate. PBGC premiums are an important source of revenue for meeting the budget reconciliation targets. The House Budget Committee has reported out H.R. 4241, a budget reconciliation package that would raise PBGC premiums. The Senate has passed S. 1932, a budget reconciliation package that also contains PBGC premium increases.