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[Opinion]

11/3/2014: PBGC's Real Financial Condition and Real Risks (money vs. time)
"PBGC is wildly overcharging most companies for its 'insurance,' while undercharging some very risky companies. PBGC is well aware of the latter point -- it is why they want to move to a more risk-based system. But Congress is (in the current political situation) never going to give them discretion to set premiums ... [And what] the heck PBGC is going to do with the multiemployer fund ... [which] is melting down[?] ... Let's have everybody that ever maintained a multiemployer plan contribute to the wind-up of that system ... And let's have everybody that ever maintained a single employer DB plan contribute to the liquidation of the losses in that system that have been dumped on the PBGC."
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