Report: Public pension insurer uses overly optimistic assumptions

09/26/2013 | BenefitsPro.com

The Pension Benefit Guaranty Corp. is understating its financial risks because it has failed to keep its model for forecasting corporate bankruptcies current, according to a report published by the National Bureau of Economic Research and the University of Illinois. “Our in-depth review of the PBGC’s models indicates that they are likely to underestimate how bad things can get when the economy is weak,” said Jeffrey Brown, one of the authors.

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