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Professor Warns That PBGC Must Change Tactics
Pensions & Investments
Nov. 10, 2008 Excerpt: Congress should give the Pension Benefit Guaranty Corp. the same tools private insurers have to assess risk and set premiums if the country wants to avoid another multibillion-dollar taxpayer bailout, a University of Illinois finance professor warns.... Jeffrey R. Brown, professor at the Urbana-Champaign school, says recent financial troubles only underscored flaws in the PBGC's design and, more importantly, show how flawed the agency's decision earlier this year was to move more assets into riskier investments. MORE >> |
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