"The Projections Report makes it clear that there is absolutely no threat of a taxpayer bailout of the single-employer program. In fact, in the 5,000 scenarios simulated in PBGC's modeling, there were none in which PBGC ran out of money within the 10-year projection period. In contrast, despite the improving economy and strong asset returns in 2013, some already distressed multiemployer plans remain critically underfunded. Those plans could cause the agency's current multiemployer deficit of $8.3 billion to grow to $49.6 billion by 2023."

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