Actuaries Say Cutoff of UAL Pension Plans Will Not Increase PBGC Deficit
United Airlines' termination of four employee pension plans will not increase the projected deficit of the Pension Benefit Guaranty Corp. (PBGC), the federal agency that insures defined benefit pension plans, according to the American Academy of Actuaries (AW&ST May 16, p. 28). The $1.5-billion in...
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