Retirement Security:

Premium Requirements of the Single Employer Pension Plan Insurance Program

Published: Mar 20, 1984. Publicly Released: Mar 20, 1984.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed the Pension Benefit Guaranty Corporation's request for a $7 premium rate for its single employer pension plan insurance program. The Corporation was established to administer a self-financing program which insures the benefits of about 29 million participants in 106,000 private pension plans. GAO revised its suggested premium rate for the program upward to $8.50 which it believes may be needed to cover claims and administrative expenses and retire the deficit within 5 years. GAO noted that there are uncertainties in selecting a premium rate and believes that the $7 premium proposed by the Corporation is the lowest that should be provided. In a prior report, GAO recommended that Congress consider: (1) requiring the corporation to provide information in its annual report to Congress on the adequacy of its existing premium rate as well as recommended changes; or (2) providing an automatic annual adjustment to the premium rate. GAO continues to believe that one of these options should be implemented.

Feb 26, 2015

Dec 22, 2014

Dec 10, 2014

Oct 30, 2014

Oct 22, 2014

Jul 29, 2014

Jul 28, 2014

Jul 7, 2014

Looking for more? Browse all our products here