US - The Pension Benefit Guaranty Corporation (PBGC) has taken on the pension plan of bankrupt auto-part manufacturer Collins & Aikman Corp.
The Collins & Aikman Pension Plan has 21,000 members and is 58% funded, with US$253m in assets to cover $434m in benefit liabilities. The PBGC has stated it expects to be liable for around $161m of...
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