Featured Jobs
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
MAP Retirement
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
Pattison Pension
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
MAP Retirement
|
|
DWC - The 401(k) Experts
|
|
Sentinel Group
|
|
Retirement Relationship Manager MAP Retirement
|
|
BPAS
|
|
Regional Vice President, Sales MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
SFA Bailout Flood: $98 Billion and Counting
Burypensions Blog 
Mar. 20, 2023 "As of now 69 plans covering 686,540 participants have had $45,844,757,860 approved for them. Another 43 plans covering 923,077 participants are asking for $23,099,259,941.... [PBGC] recognized last week that they were about to get a flood of applications and so they instituted a waiting list. Based on available 2020 Schedule MB information for 101 of those plans ... those plans have $29.4 billion [in unfunded liabilities] ... That would bring the total bailout to over $98 billion and the wave has not yet crested." |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |