Pension Benefit Guaranty Corporation's Proposal to Increase Premium Rate for the Single Employer Basic Benefits Insurance Program

HRD-78-2: Published: Oct 6, 1977. Publicly Released: Oct 6, 1977.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Review of the Pension Benefit Guaranty Corporation's (PBGC) proposed premium rate increase for participants of a defined benefit pension plan under the single employer basic benefits insurance program indicated that the present $1.00 per plan participant per year premium is not adequate to fully fund the program. Although PBGC took into consideration numerous factors and made assumptions which could substantially affect the adequacy of the proposed $2.25 premium rate, there is no reason to question the methodology used by PBGC.

The programmatic and data trend assumptions made relating to such matters as forecast of future claims, return on investment, and collectibility of employer liability are subject to variations which could substantially affect premium rate requirements. However, in view of the limited experience of this relatively new federal operation, there is no basis for computing a better estimate.

Feb 24, 2021

Jan 19, 2021

Oct 30, 2020

Sep 24, 2020

Aug 28, 2020

Aug 13, 2020

Jun 16, 2020

Feb 27, 2020

Jan 9, 2020

Dec 18, 2019

Looking for more? Browse all our products here