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Society of Actuaries Says PBGC is Not In 'Crisis' (PDF)
American Academy of Actuaries 
Feb. 3, 2003
Excerpt: Ron Gebhardtsbauer, senior pension fellow for the American Academy of Actuaries, said [on January 30, 2003] that the federal agency that insures private pension plans is 'not in crisis, but is facing the 'perfect storm' of declines in the stock market, low interest rates and an increase in large bankruptcies.' He was commenting on the annual report of the Pension Benefit Guaranty Corporation (PBGC) ...'
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