US - The Pension Benefit Guaranty Corporation (PBGC) shaved almost US$3bn off its deficit in 2008, according to its 2008 annual report.
The report showed PBGC's deficit shrank to US$11.2bn in 2008 from US$14.1bn in 2007 and US$18.9bn in 2006. PBGC's director Charles Millard said 2008 saw the corporation also adopting a diversifi...
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