Administration And Operations of the Pension Benefit Guaranty Corporation Hear
Administration And Operations of the Pension Benefit Guaranty Corporation Hear
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( "V ^ C.
The Honorable J. J. Pickle ■'^- -■ Chairman, Subcommittee on Oversight Committee on Ways and Means • - . R U. S. House of Representatives -«''|/l'^*^ '-■" Washington, D. C. 20515 Dear Chairman Pickle: The Office of Tax Policy in the Treasury Department has asked us to respond to questions you posed on April 20, 1993, at your Subcommittee hearing reviewing the administration and operations of the Pension Benefit Guaranty Corporation (PBGC).
Your questions concerned our FY 1994 budget r...equest for $2. 9 million for the Underfunded Pension Plan Program.
O First, you asked what specific problems has the Internal Revenue Service found that led to the appropriation request?
The scope of underfunding is increasing, but the extent and causes of underfunding are not clearly known. We know, for example, from the PBGC, that more underfunded pension plans terminated in 1992 than in the previous year, but losses from underfunded plans declined somewhat because of fewer new major terminations.
What to read after Administration And Operations of the Pension Benefit Guaranty Corporation Hear?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Ways to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
( "V ^ C.
The Honorable J. J. Pickle ■'^- -■ Chairman, Subcommittee on Oversight Committee on Ways and Means • - . R U. S. House of Representatives -«''|/l'^*^ '-■" Washington, D. C. 20515 Dear Chairman Pickle: The Office of Tax Policy in the Treasury Department has asked us to respond to questions you posed on April 20, 1993, at your Subcommittee hearing reviewing the administration and operations of the Pension Benefit Guaranty Corporation (PBGC).
Your questions concerned our FY 1994 budget r...equest for $2. 9 million for the Underfunded Pension Plan Program.
O First, you asked what specific problems has the Internal Revenue Service found that led to the appropriation request?
The scope of underfunding is increasing, but the extent and causes of underfunding are not clearly known. We know, for example, from the PBGC, that more underfunded pension plans terminated in 1992 than in the previous year, but losses from underfunded plans declined somewhat because of fewer new major terminations.
What to read after Administration And Operations of the Pension Benefit Guaranty Corporation Hear?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Ways to read onlineMoreLess
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