US - The Pension Benefit Guaranty Corporation (PBGC) has reported a deficit of US$13.1bn in fiscal year 2007, according to the agency's annual management report submitted to Congress.
The insurance program for single-employer pension plans said the deficit represented a $5bn improvement over last year's $18.1bn shortfall. As of 30 September, it reported assets of $67.2bn and lia...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date