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Audit of Pension Benefit Guaranty Corporation's Reclassified Financial Schedules for Fiscal Years 2019 (AUD-2020-03), issued November 19, 2019

The reclassified financial schedules, the accompanying reclassified financial schedules were prepared in accordance with the requirements of the U.S. Department of the Treasury’s Treasury Financial Manual (TFM) Volume I, Part 2, Chapter 4700 (TFM 2-4700) for the purpose of providing financial information to the U.S. Department of the Treasury and the U.S. Government Accountability Office to use in preparing and auditing the Financial Report of the U.S. Government, and are not intended to be a complete presentation of the balance sheet of PBGC as of September 30, 2019, and the related statements of operations, net position, and cash flows of the Single-Employer and Multiemployer Program Funds administered by the PBGC.

The reclassified financial schedules referred to above present fairly, in all material respects, the financial position of the Pension Benefit Guaranty Corporation as of September 30, 2019, and its net costs and changes in net position for the year then ended in accordance with the requirements of the U.S. Department of the Treasury’s Treasury Financial Manual (TFM) Volume I, Part 2, Chapter 4700 (TFM 2-4700).

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Pension Benefits Guarantee Corporation
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