Underfunding and bankruptcy: Pensions' plagues and the PBGC

Underfunding and bankruptcy: Pensions' plagues and the PBGC

The liabilities of the Pension Benefit Guaranty Corp (PBGC) exceed its assets by over $2 billion, and the situation is expected to get worse. The PBGC's weak control over pension funding and its status in bankruptcy are discussed.

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Bibliographische Detailangaben
Veröffentlicht in:The American enterprise (Washington, D.C.) D.C.), 1993-03, Vol.4 (2), p.72-72
1. Verfasser: Lindeman, David C
Format: Artikel
Sprache:eng
Schlagworte:
Bankruptcy
Corporations
Finance
Financial performance
Organizational profiles
Pensions
United States
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Beschreibung
Zusammenfassung:The liabilities of the Pension Benefit Guaranty Corp (PBGC) exceed its assets by over $2 billion, and the situation is expected to get worse. The PBGC's weak control over pension funding and its status in bankruptcy are discussed.
ISSN:1047-3572