Protecting

PBGC

America’s Pensions

Pension Benefit Guaranty Corporation

445 12th Street SW, Washington, DC 20024-2101

NOV 1 A 2023

The Honorable Joseph R. Biden

The White House

Washington, D.C. 20500

Dear Mr. President:

We are pleased to submit the Pension Benefit Guaranty Corporation’s fiscal year 2023 Annual

Report, including: Annual Performance Report, Financial Statements and Notes, Report of

Independent Auditor, and other documentation in conformance with OMB Circulars A-ll and

A-136. This Annual Report is dated November 15, 2023, and includes the Corporation’s

operational performance and financial results as of September 30, 2023. Section 4008 of the

Employee Retirement Income Security Act, 29 U.S.C. Section 1308, also requires an actuarial

report evaluating expected operations and claims that will be issued as soon as practicable.

Sincerely,

Acting Secretary ofLabor

Chair of the Board of Directors

Director

Enclosure
Protecting

PBGC

America’s Pensions

Pension Benefit Guaranty Corporation

445 12th Street SW, Washington, DC 20024-2101

W 1 ^ 2023

The Honorable Kamala D. Harris

President ofthe Senate

Washington, D.C. 20510

Dear Madam President:

We are pleased to submit the Pension Benefit Guaranty Corporation’s fiscal year 2023 Annual

Report, including: Annual Performance Report, Financial Statements and Notes, Report of

Independent Auditor, and other documentation in conformance with OMB Circulars A-l 1 and

A-136. This Annual Report is dated November 15, 2023, and includes the Corporation’s

operational performance and financial results as of September 30, 2023. Section 4008 of the

Employee Retirement Income Security Act, 29 U.S.C. Section 1308, also requires an actuarial

report evaluating expected operations and claims that will be issued as soon as practicable.

Sincerely,

GORDON HARTOGENSIS

Director

Enclosure
Protecting

PBGC

America’s Pensions

Pension Benefit Guaranty Corporation

445 12th Street SW, Washington, DC 20024-2101

WV 1 2023

The Honorable Patty Murray

President pro tempore of the Senate

Washington, D.C. 20510

Dear Madam President:

We are pleased to submit the Pension Benefit Guaranty Corporation’s fiscal year 2023 Annual

Report, including: Annual Performance Report, Financial Statements and Notes, Report of

Independent Auditor, and other documentation in conformance with OMB Circulars A-ll and

A-136. This Annual Report is dated November 15, 2023, and includes the Corporation’s

operational performance and financial results as of September 30, 2023. Section 4008 ofthe

Employee Retirement Income Security Act, 29 U.S.C. Section 1308, also requires an actuarial

report evaluating expected operations and claims that will be issued as soon as practicable.

JULIA A. SU

Acting Secretary ofLabor

Chair of the Board of Directors

GORDON HARTOGENSIS

Director

Sincerely,

Enclosure
Protecting

PBGC

America’s Pensions

Pension Benefit Guaranty Corporation

445 12th Street SW, Washington, DC 20024-2101

WV 1 i; 2023

The Honorable Mike Johnson

Speaker ofthe U.S. House of Representatives

Washington, D.C. 20515

Dear Mr. Speaker:

We are pleased to submit the Pension Benefit Guaranty Corporation’s fiscal year 2023 Annual

Report, including: Annual Performance Report, Financial Statements and Notes, Report of

Independent Auditor, and other documentation in conformance with OMB Circulars A-l 1 and

A-136. This Annual Report is dated November 15, 2023, and includes the Corporation’s

operational performance and financial results as of September 30, 2023. Section 4008 ofthe

Employee Retirement Income Security Act, 29 U.S.C. Section 1308, also requires an actuarial

report evaluating expected operations and claims that will be issued as soon as practicable.

Sincerely,

GORDON HARTOGENSIS

Director

Acting Secretary ofLabor

Chair of the Board of Directors

Enclosure