“Congress set up PBGC to insure the defined-benefit pensions of working Americans.” As one administrator says, it impacts 40 million Americans. Sounds small but they perform high-value work, and realistically can’t in truth be replaced by walk-in-the-door hopefuls. The pension bankruptcy is a mockery and theft of honestly hard-working Americans that know their stuff, apart from the private money concerns of the rich. Official web-page.
PBGC Reeder Why not more attention to pension crisis
The Pension Benefit Guaranty Corporation May Not Be Able to Pay All Benefits!
Can the PBGC Ensure Pension Plans during the Bad Economy?
Pension reform: Proposal to keep pension fund solvent
IG Act 40: Robert A. Westbrooks, Inspector General, Pension Benefit Guaranty Corporation