PBGC - Pension Benefit Guaranty Corporation

  • (p1) -  Currently, the Pension Benefit Guaranty Corporation is some $333 million plus in the red, although there is still a cash flow.

--  Opening Statement of Senator Don Nickles, (R-OK)

1983 0614 - GOV (Senate) - Single-Employer Pension Plan Termination Insurance Improvements Act of 1983  - [PDF-144p-archive.org, VIDEO-?] 

  • Senate - Committee on Labor and Human Resourcess - Subcommittee on Labor

⇒  Present: Senator Nickles (Bonk: Was he the only Senator at this Hearing?)

  • "Removing Pension Assets" "Risks to Retirees and the Federal Pension Insurance Program"
  • Executive Life Insurance Company
    • Pacific Lumber
  • (p99) - From a dollars and cents viewpoint, the need for a $6.00 premium is undebatable.
  • Our liabilities exceeded our assets by $333 million as of September 30, 1982 and that situation has not improved.
  • In fact it has worsened.
    • Without a premium increase, we will not be able to pay our debts as they mature.
  • The PBGC's deficit when we first appeared before Congress in May 1982 to request a premium increase approximated $ 190 million.
  • The deficit by September 30, 1982 had increased to $333 million.  

--  Prepared Statement of Edwin M. Jones, Executive Director, Pension Benefit Guaranty Corporation

1983 0928 - GOV (House) - ERISAs Single employer Pension Plan Termination Insurance Program - [PDF-193p-GooglePlay

  • MEPPAA
  • 1982 07- AAA - Enrolled Actuaries Report
    • Recent Developments in Corporate Plan Termination Insurance, J. Thomas Bolen
  • 1983 0614 - GOV (Senate) - Single-Employer Pension Plan Termination Insurance Improvements Act of 1983
  • 1983 0928 - GOV (House) - ERISAs Single employer Pension Plan Termination Insurance Program - [PDF-193p-GooglePlay
  • 1984 0320 - GOV (House) - Financial Status of the Pension Benefit Guaranty Corporation's Single Employer Insurance Program
  • 1989 - AP - Pension Research Council (Wharton) - The Economics of Pension Insurance, by Richard A. Ippolito - [link]
  • 1992 0925 - GOV (Senate) - Financial Strength of Pensions and the Pension Benefit Guaranty Corporation - [PDF-153p, Video-?]
    • Senate - Committee on Finance - Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service