Excerpt: A downsizing employer with a PBGC-covered pension plan may have to grapple with a PBGC demand to protect that plan in the event it terminates in a distress or involuntary termination within the next five years. The protection may take the form of a bond, an escrow, or -- more likely -- a negotiated alternative, such as an additional contribution to the plan. [This article was republished with permission from the Journal of Pension Benefits.]  MORE >>