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Pension Dropouts Cause PBGC Pinch
The Wall Street Journal; subscription may be required Link to more items from this source
Oct. 7, 2014
"[J]oining the dozens of companies that have shed their pension plans lets Motorola and Bristol-Myers stop paying millions in yearly fees to the Pension Benefit Guaranty Corp., the government pension insurer. The problem: the growing number of these pension dropouts threatens the agency's resources for insuring the plans of those that remain in the system. 'This has identified a fundamental flaw with the pension system,' said Brad Belt, a former executive director of the PBGC. 'Inevitably, there's going to be a taxpayer bailout [of the PBGC] in the future.'"

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