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PBGC Posts Record Deficit for FY2015
The Washington Post; subscription may be required Nov. 18, 2015
"The deficit racked up by the federal agency that insures pensions for about 40 million Americans has increased 23 percent to $76.4 billion. The agency's program for so-called multi-employer pension plans continues to account for a large share of the deficit, $52.3 billion.... The deficit reported Tuesday for the year ended Sept. 30 was the widest in the 41-year history of the Pension Benefit Guaranty Corp. It has now run shortfalls for 13 straight years."
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