US - Some 70% of the US$20.6bn in total claims to the Pension Benefit Guaranty Corporation (PBGC) since its inception in 1974 were incurred during the last five years.
Reporting “unprecedented losses” over the period between 2000 and 2004, the PBGC said claims from failed single-employer pension plans totalled US$14.3bn. The total is 18 times larger than the U...
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