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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." |
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