No strings attached

louise purtle


If it is true that a billion here and a billion there soon add up to real money, it is likely that the numbers provided in the annual peek at the finances of the Pension Benefit Guarantee Corporation (PBGC) add up to real trouble.

The PBGC was created to encourage the growth of defined benefit pension plans and to ensure uninterrupted payment of pension benefits to plan participants even in the event of bankruptcy of the plan sponsor. The agency collects insurance premiums from employers tha