PENSION BENEFIT GUARANTY CORPORATION
2006 Annual Management Report


The Pension Benefit Guaranty Corporation (the PBGC or the Corporation)is a federal corporation established under the Employee Retirement Income Security Act (ERISA) of 1974, as amended.  It currently guarantees payment of basic pension benefits earned by 44 million American workers and retirees participating in 30,330 private-sector defined benefit pension plans.  The Corporation receives no funds from general tax revenues.  Operations are financed largely by insurance premiums paid by companies that sponsor defined benefit pension plans and by investment income and assets from terminated plans.  The following constitutes the PBGC’s annual management report for fiscal year 2006, as required under OMB Circular No. A-11, Section 230-1.   


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