The federal agency that insures pensions could need some insurance of its own. The Pension Benefit Guaranty Corp. already has a $23.3 billion dollar deficit. But companies are getting bankruptcy courts to let them get out of their pension obligations -- United Airlines is a case in point.
The Congressional Budget Office says the current trend of letting companies break their promises could drive up a $71 billion deficit in the next decade. That's sticking taxpayers with the companies' obligations. (Seattle P-I)
The Congressional Budget Office says the current trend of letting companies break their promises could drive up a $71 billion deficit in the next decade. That's sticking taxpayers with the companies' obligations. (Seattle P-I)
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