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[Opinion]

6/14/2006: Addressing the Insolvency of the Pension Benefit Guaranty Corporation (PDF) (American Enterprise Institute)
6 pages. Excerpt: The inherent structural risks of having the government insure -- through the Pension Benefit Guaranty Corporation (PBGC) -- the future commitments of defined benefit pension plans has resulted in a reported deficit of $23 billion. The present value of the long-term cash deficit has been estimated at $92 billion.
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