2005 Annual Performance and Accountability Report
The Pension Benefit Guaranty Corporation (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 44.1 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 PBGC’s annual performance and accountability report for fiscal year 2005, as required under OMB Circular No. A-11, Section 230-1.

Contents

• Financial Statements Highlights
• Financial Statements
• Actuarial Valuation
• Report of the Inspector General
• Report of Independent Auditors
• Annual Performance Report
• Financial Summary

| PDF version of PBGC's 2005 Annual Report as printed | Back to WWW.PBGC.GOV |