ERISA § 4008 (29 U.S.C. § 1308)

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Annual report by the corporation

USC 2024 ed., current through 2025-01-06 · current · last amended by Pub. L. 109-280

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(a) As soon as practicable after the close of each fiscal year the corporation shall transmit to the President and the Congress a report relative to the conduct of its business under this subchapter for that fiscal year. The report shall include financial statements setting forth the finances of the corporation at the end of such fiscal year and the result of its operations (including the source and application of its funds) for the fiscal year and shall include an actuarial evaluation of the expected operations and status of the funds established under section 1305 of this title for the next five years (including a detailed statement of the actuarial assumptions and methods used in making such evaluation).

(b) The report under subsection (a) shall include—

(1) a summary of the Pension Insurance Modeling System microsimulation model, including the specific simulation parameters, specific initial values, temporal parameters, and policy parameters used to calculate the financial statements for the corporation;

(2) a comparison of—

(A) the average return on investments earned with respect to assets invested by the corporation for the year to which the report relates; and

(B) an amount equal to 60 percent of the average return on investment for such year in the Standard & Poor's 500 Index, plus 40 percent of the average return on investment for such year in the Lehman Aggregate Bond Index (or in a similar fixed income index); and

(3) a statement regarding the deficit or surplus for such year that the corporation would have had if the corporation had earned the return described in paragraph (2)(B) with respect to assets invested by the corporation.

Source credit, amendments & notes

(Pub. L. 93–406, title IV, §4008, Sept. 2, 1974, 88 Stat. 1014; Pub. L. 109–280, title IV, §412, Aug. 17, 2006, 120 Stat. 936.)

Editorial Notes

Amendments

2006—Pub. L. 109–280 designated existing provisions as subsec. (a) and added subsec. (b).

ERISA § 4008 (29 U.S.C. § 1308) — Annual report by the corporation · USC 2024 ed., current through 2025-01-06 · https://pensionresource.website/EAMain?content=EAMain.Law&id=usc29-1308 · printed Oct 16, 2026

Guidance addressing this section

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Also cited in 1 other documents

PBGC

Opinion Letters

PBGC Op. Ltr. 1995-2 Aug 18, 1995 — Partial withdrawal, Withdrawal liability (a)(1)(b)

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Each row is a version of the text as published by the official source. Code dates are the edition/release point that first reflected the change; regulation dates are eCFR effective dates. The library checks the official sources automatically, so new versions appear here on their own; “run” opens the sync that recorded a version.

Effective	Through	Source	Amended by
Jan 4, 1995	Jan 2, 2007	USC 1994 ed., current through 1995-01-04 run 49	Pub. L. 93-406	View
Jan 3, 2007	current	USC 2024 ed., current through 2025-01-06 run 1	Pub. L. 109-280	View · Redline (sign in)

Provision-level history (blame)