Research
PBGC Pension Programs Continue Divergence
The pension lifeboat’s multiemployer plan is five years from insolvency, while the single-employer plan remains robust.
Senators Grassley and Alexander say it’s too late to include their plan in year-end legislation.
COO James Girardi admitted he was aware of illicit arrangement between CEO and PBGC official.
However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.