PBGC To Assume Delphi Pension Plans

This is a bailout in the making. And as Atrios commented this morning: “It wouldn’t surprise me if the PBGC starts getting as hungry as the FDIC.”

PBGC To Assume Delphi Pension Plans
Unfunded and underfunded pensions are going to become a very big problem in the near future. In August, we will publish “Underfunded Pensions, Pension Dumping, and Retirement Security: Pension Funds, the Pension Benefit Guarantee Corporation (PBGC), Bailout Risks, Impact on the Federal Budget, and the Pension Protection Act of 2006.”


Posted in: Retirement Security

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