Number: RS22650
Title: The Pension Benefit Guaranty Corporation and the Federal Budget
Authors: William Joseph Klunk, Domestic Social Policy Division 
Abstract: In August 2006, the President signed the Pension Protection Act (PPA) of 2006, which changes the premiums that plan sponsors must pay to the PBGC as well as the contributions they must make to their plans. Over the next 10 years, the PPA provisions related to the PBGC are expected to decrease federal spending by $5.5 billion and decrease revenue by $2.4 billion. This report outlines the operational cash flows of the PBGC and how they are affected by provisions of the PPA as well as certain provisions included in the President's budget proposal for FY2008.
Pages: 6
Date: April 24, 2007