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PBGC Peril Grows with Corporate Bankruptcies
MarketWatch 
June 28, 2006 Excerpt: In just four years, the number of monthly checks PBGC sends to retired workers has swelled from 344,770 to 683,000, doubling annual payouts from $1.54 billion to $3.69 billion and turning the PBGC's budget from a tidy $10 billion surplus in 2000 into a $23 billion deficit last year. MORE >> |
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