US - The Pension Benefit Guaranty Corporation (PBGC) saw its deficit fall US$4.7bn to $18.1bn in fiscal year 2006 thanks to the airline relief provisions in the new pensions bill, but the agency's outlays continue to skyrocket.
Vince Snowbarger, interim director, said the PBGC's financial condition appeared to have stabilised for the time being. But the financial report revealed that, while it may have sufficient liquidit...
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