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Letter to the Honorable Arlen Specter
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Testimony before the Committee on Education and the Workforce, U.S. House of Representatives
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Letter to the Honorable Judd Gregg
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CBO has prepared this paper to provide a basic understanding of federal pension insurance, the operations of PBGC, and the financial condition of and the outlook for the agency over the next 10 years.
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This paper estimates the market value of federal pension insurance, analyzes options for reducing future shortfalls, and identifies budgetary alternatives that would make PBGC’s finances more transparent to the Congress and the public.
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