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Pension Benefit Guaranty Corp. Reports $2.4 Billion Improvement from Last Year's $13.1 Billion Deficit
Workforce Management 
Dec. 2, 2008
Excerpt: The single-employer program had assets of $61.6 billion and liabilities of $72.3 billion as of September 30. The multiemployer insurance program had a deficit of $473 million, down from $955 million for fiscal year 2007. The PBGC's separate insurance program for multiemployer pension plans has about $1.3 billion in assets to cover about $1.8 billion in liabilities. The PBGC does not become trustee of multiemployer plans, but instead offers financial assistance to insolvent plans.
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