Pension Corruption

PBGC is heading for a fiscal crisis and will need a bailout from Congress

Federal officials are going back and forth over Americans’ retirement plans again, but this time it’s not about Social Security. The future leadership of the Pension Benefit Guaranty Corporation (PBGC) is currently in a state of flux due to partisan infighting. But while politicians squabble in a Washington-insider drama, the PBGC is heading for a fiscal crisis that will be a disaster for workers and likely leave taxpayers on the hook for a bailout that will cost tens of . . .

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