Project 2025 Tracker / What’s done, what’s next

18. Department of Labor and Related Agencies · Notable · Needs Congress

Require public pension plans to disclose fair market funding values

Not started

609 18. Department of Labor and Related Agencies

“Disclose the fair market value of plan assets and liabilities. Congress should require public pension funds to disclose the fair market value of plan assets and liabilities (using the Treasury yield curve as the discount rate) on an annual basis.”

What has happened

  1. Not started

    No bill of the 119th Congress requires public pension plans to disclose the fair market value of plan assets and liabilities using the Treasury yield curve as the discount rate. Public plans remain outside ERISA's reporting regime and outside federal disclosure law altogether, and nothing in the window changes that.

    No action found yet. This entry is the starting point, not a finding.

Research log

What was searched, and what didn’t count as evidence

Research notes

  • Negative search: chapter log, Cluster negative search — the pension asks (#1680, #1681, #1684).
  • The federal disclosure vehicle that does exist, the Form 5500 series, covers private plans; no in-window rulemaking extends it to state and local systems.
Action
create
Object
Public pension plan disclosure requirement
ID
1680