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If the recession drags on, it will be a red-hot summer for the PBGC — emphasis on “red.”
In a report from BenefitNews.com, the Pension Benefit Guaranty Corp. reports that the agency´s underfunded liabilities for its single-employer insurance program hit an all-time high of $33.5 billion, surpassing the former record of $24 billion in 2004.
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