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Editorial: Who Pays for Defined Benefit Pension Plans?
The Washington Post; subscription may be required Link to more items from this source
[Opinion]
May 13, 2005
Excerpt: Every time a company promises a pension benefit, taxpayers are potentially on the hook. The company is supposed to put aside money to back its promise, but if it goes bust without doing so, ..., the Pension Benefit Guaranty Corp., shoulders its obligations to workers. By the end of 2004, this government backstop had taken over pension plans whose liabilities exceeded assets by $23 billion, and the current trouble in the airline industry seems likely to inflate that total.

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