Delphi US$1.25bn behind on pensions

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US - Bankrupt Delphi Corporation is over US$1.25bn behind on required pension funding payments, the Pension Benefits Guaranty Corp (PBGC) has said.

The PBGC is currently saddled with a deficit of over $18bn, and one Detroit newspaper claimed Delphi’s pension fund could be underfunded “by as much as $10.6bn”. Delphi announced in April plans t...

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