The Congressional Budget Office's estimate of liabilities in the Pension Benefit Guaranty Corp.'s multiemployer insurance program is significantly more than the liabilities published in PBGC's latest Projection Report.
The difference can be explained by the processes economists at CBO and PBGC use to arrive at so-called fair-value estimates of liabilities, according to a new report from CBO that explores options to improve the multiemployer program, which is projected to be insolvent as soon as 2023.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
