US - The amount of money paid out by the Pension Benefits Guaranty Corporation (PBGC) has jumped from US$900m in fiscal year 2000 to $3.7bn in FY2005.
In the latest edition of its annual statistical work, the 'Pension Insurance Data Book 2005', the PBGC also stated its deficits now exceeded $23bn. "The record number of claims [since 2000] also ...
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