US - The Pension Benefit Guaranty Corporation (PBGC) saw its annual deficit increase by 4.5% to $23bn in the year to September 30, up from $22bn the previous year.
Despite taking in $2.3bn in premiums and $7.8bn in investment income (a return of 12%), the agency said its total obligations increased by $11.5bn, leaving it with $79.5bn in assets to cover obliga...
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