PBGC Record Deficit $34 Billion in FY 2012
Posted on 11/18/2012
The Pension Benefit Guaranty Corporation (PBGC) hit a record deficit of US$ 34 billion in fiscal year 2012. The agency’s deficit has been increased by lower interest rates. These rates are an input in valuing plan liabilities. According to PBGC Director Joshua Gotbaum in a statement the “PBGC continues its work to preserve pensions and […]
