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Private Pension Plans: Efforts to Encourage Infrastructure Investment

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Report Type Reports and Testimonies
Report Date Sept. 8, 1995
Report No. HEHS-95-173
Subject
Summary:

The federal government invests billions of dollars each year in the nation's infrastructure--highways, mass transit, rail, aviation, water resources, and wastewater treatment facilities. However, concern about the state of this infrastructure and the need for additional expenditures in the face of federal budget deficit has led to proposals encouraging the nation's pension plans to invest in infrastructure projects. Congress passed legislation in 1991 creating a commission to study ways to promote infrastructure investment, particularly by pension plans. The commission issued recommendations in 1993. This report (1) identifies the role that current federal policies play in providing incentives for private pension plans to invest in infrastructure projects and (2) analyzes the commission's proposals on pension plan investment to determine how pension plans might respond.

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