US - The PBGC has taken on two Venture Holdings pension funds with a combined shortfall of US$12.4m - just one day after assuming $12m pensions shortfall from Foss Manufacturing.
The two plans - the "Lancaster Plan" and the "Seabrook Plan" - cover 1100 former workers. According to PBGC, the plans had total assets of a $12.5m and liabilities of $24.9m. "Assumption of the p...
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