Hidden Debts: US Governments's Pension Guarantees

1,799 views · Published 28 February 2014 · 35:42 · Indexed 25 October 2026

Channel: Hoover Institution · 2014 · News & Politics

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Joshua D. Rauh, a senior fellow at the Hoover Institution, discussed problems with the Pension Benefit Guaranty Corporation (PBGC) in his talk "Hidden Debts: The US Government's Pension Guarantees," based on his paper "Financial Valuation of PBGC Insurance with Market Implied Default Probabilities." Rauh explains why the PBGC's assumptions paint a misleading picture, emphasizing how a lack of recognition of true insurance costs distorts the perception of the federal government's actual obligations for these liabilities.  A video of his talk will soon be available.

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