Budget Reconciliation and the PBGC

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Describes the role of the Pension Benefit Guaranty Corp. (PBGC) in the budget reconciliation process. Reviews provisions of H.R. 4241, the Deficit Reduction Act of 2005, and S. 1932, the Deficit Re...

Describes the role of the Pension Benefit Guaranty Corp. (PBGC) in the budget reconciliation process. Reviews provisions of H.R. 4241, the Deficit Reduction Act of 2005, and S. 1932, the Deficit Reduction Omnibus Reconciliation Act of 2005, introduced in House and Senate budget reconciliation proposals to reform funding rules for the defined benefit pension system and to raise PBGC premiums. Summarizes bills approved in the 109th Congress to meet these goals.

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