INCLUSION OF INFORMATION IN THE PBGC ANNUAL REPORT.

SEC. 412. INCLUSION OF INFORMATION IN THE PBGC ANNUAL REPORT. Section 4008 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1308) is amended by—(1) striking “As soon as practicable” and inserting “(a) As soon as practicable”; and(2) adding at the end the following:“(b) The report under subsection (a) shall include—“(1) a summary of the Pension Insurance Modeling System microsimulation model, including the specific simulation parameters, specific initial values, temporal parameters, and policy parameters used to calculate the financial statements for the corporation;“(2) a comparison of—“(A) the average return on investments earned with respect to assets invested by the corporation for the year to which the report relates; and“(B) an amount equal to 60 percent of the average return on investment for such year in the Standard & Poor’s 500 Index, plus 40 percent of the average return on investment for such year in the Lehman Aggregate Bond Index (or in a similar fixed income index); and“(3) a statement regarding the deficit or surplus for such year that the corporation would have had if the corporation had earned the return described in paragraph (2)(B) with respect to assets invested by the corporation.”.