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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."

July 22, 2009 05:17 PM   Link    Comments (0)