Friday, September 04, 2009


Companies' Pension Problems Could Hit Taxpayers

When the agency that insures traditional pension plans is running a $33.5 billion deficit -- the largest in its 35-year history -- should you be worried? If you're a worker or retiree counting on a traditional pension, the answer is probably not. But if you're a taxpayer, start worrying.

Though it will likely take years, it's all but inevitable that at some point the Pension Benefit Guaranty Corp., the agency responsible for guaranteeing pension benefits for some 44 million Americans, will need to either cut those benefits or raise a lot of cash, experts say...

Yahoo! Finance: Companies' Pension Problems Could Hit Taxpayers

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