US - The Pension Benefit Guaranty Corporation (PBGC) has signalled its intention to assume responsibility for an underfunded pension plan covering about 1,300 employees and retirees of a bankrupt glassware company.
PBGC said it was stepping in because Anchor Hocking CG Operating Co. LLC has missed US $5.7m in required contributions and the pension plan would be abandoned as a result of the sale of substantial...
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