PBGC Single-Employer Program Shows Improvement; Multi-Employer Program Faces Insolvency

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The balance sheet for the Pension Benefit Guaranty Corporation’s (PBGC) single-employer plan moved into the black in the latest fiscal year (FY) to continue a trend of better results, but the multiemployer plan remains in deficit and at risk of insolvency in as few as 7 years, according to the agency’s FY 2018 Annual Report. […]

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Source: HR Daily Advisor