1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS22221Updated October 18, 2005S. 1783: The Pension Security andTransparency Act of 2005Patrick PurcellSpecialist in Social LegislationDomestic Social Policy DivisionSummaryThis report
2、 summarizes the major provisions of S. 1783, the Pension Security andTransparency Act of 2005. The bill combines provisions of S. 219, the NationalEmployee Savings and Trust Equity Guarantee Act, reported by the Finance Committee,and the Defined Benefit Security Act, reported by the Committee on Hea
3、lth, Education,Labor, and Pensions. If S.1783 does not reach the Senate floor before the end of the firstsession of the 109th Congress, some elements of the bill might be included in the budgetreconciliation process because the revenues and expenditures of the Pension BenefitGuaranty Corporation (PB
4、GC) are treated in the federal budget as revenues andexpenditures of the U.S. government. The proposed increase in the base PBGCpremium that is included in S. 1783 would increase revenue to the PBGC and reduce thefederal budget deficit. This report will be updated as necessary.Funding Requirements f
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