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Retirement/Pensions

PBGC Deficit Hits Record $34 billion in 2012 Fiscal Year

November 16, 2012
The deficit in the PBGC's insurance program for single-employer plans climbed to $29.1 billion in fiscal 2012, up from $23.3 billion the previous year. The deficit in the agency's insurance program that covers multiemployer pension plans climbed to about $5.2 billion, up from $2.8 billion the previous year.
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