PENSION BAILOUT FUND SITTING ON BUNDLE: BOOM PLUS NO BUSTS EQUALS RECORD SURPLUS OF $5 BILLION FOR AGENCY
Aided once again by a booming economy, strong investment returns and no terminations of big, underfunded pension plans,…
Aided once again by a booming economy, strong investment returns and no terminations of big, underfunded pension plans, the Pension Benefit Guaranty Corp. has seen its surplus balloon to a record $5 billion.
The agency's surplus -- the difference between assets it holds and benefits it must pay to
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