US - The Pension Benefit Guaranty Corporation (PBGC) has reported a deficit of US$13.1bn in fiscal year 2007, according to the agency's annual management report submitted to Congress.
The insurance program for single-employer pension plans said the deficit represented a $5bn improvement over last year's $18.1bn shortfall. As of 30 September, it reported assets of $67.2bn and lia...
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