§1308 Annual report by the corporation

Summary

Soon after each fiscal year ends, the corporation must send a report to the President and Congress about its business that year. The report must have financial statements showing the corporation’s money at year‑end and how funds were received and spent. It must also include an actuarial evaluation forecasting the next five years, with the detailed assumptions and methods used. The report must summarize the Pension Insurance Modeling System microsimulation model and the specific settings, starting values, timing, and policy choices used. It must compare the corporation’s actual average investment return for the year to an amount equal to 60% of the average S&P 500 return plus 40% of the average Lehman Aggregate Bond Index (or a similar fixed‑income index). The report must state the surplus or deficit the corporation would have had if it had earned that blended return.