PBGC is under fire for poor practices, ongoing problems

05/4/2010 | National Public Radio

The Pension Benefit Guaranty Corp. is being criticized by members of Congress for security glitches, poor financial reporting and misleading lawmakers during the past two years. PBGC Acting Director Vincent Snowbarger says the organization is trying to fix the problems, but critics contend it might not be able to meet its potential $168 billion in pension obligations.

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