Pension Plans: Hidden Liabilities Increase Claims Against Government Insurance Program
HRD-93-7
Published: Dec 30, 1992. Publicly Released: Dec 30, 1992.
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Highlights
Pursuant to a congressional request, GAO reviewed the Pension Benefit Guaranty Corporation's (PBGC) pension plans and its vulnerability to unfunded liabilities, focusing on: (1) factors which cause hidden liabilities; (2) the impact on recent claims against the pension insurance program; and (3) PBGC ability to control these factors.
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DebtEmployee benefit plansFinancial institutionsRetirement ageFinancial managementInsurance companiesInterest ratesLiability (legal)Pension claimsPension plan cost controlPensions