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IPFS News Link • Economy - Economics USA

Pension Benefit Guaranty Corp. running $34 billion deficit

• Washington Post
The federal agency that insures pensions for 43 million Americans saw its deficit swell to $34 billion in the past year, the largest in its 38-year history.

In its annual report released Friday, the Pension Benefit Guaranty Corp. blamed the growing shortfall on its inability to charge private employers adequate premiums for insuring pensions.


1 Comments in Response to

Comment by Anon Patriot
Entered on:

What's 34 Billion?  A DROP IN THE BUCKET, compared with the $20+ TRILLION, THAT THE TBTF ("Too-Big-To-Fail") Banks on Wall St. STOLE FROM THE AMERICAN PEOPLE! in the late 2008, "No-Banker-Left-Behind-Bailout".  That Obama signed off on.

Now, if we could just figure out a way to get it back!  THEN, USE IT TO PAY OFF THE $34 BILLION DEFICIT, in the PENSION BENEFIT GUARANTY CORP. !!!