CBO estimates that the economic costs to the public of PBGC insurance for single-employer plans net of premium collections over the next 10 years is $48 billion. That figure describes the estimated net present value of the financial resources that the program will be transferring to sponsors of and participants in defined-benefit pensions. It is also the price that the government would have to pay to private insurers bidding in competitive markets to take on the obligations that PBGC will assume in that period with current premiums and funding rules.
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