Report cites $34 billion deficit at pension guarantor

11/19/2012 | Washington Post, The

The Pension Benefit Guaranty Corp., which is charged with protecting the pensions of others, is running $34 billion in the red, the agency's annual report shows. The PBGC wants to set its own premiums, which lawmakers have so far resisted because they warn that companies could endanger their pensions if forced to pay more.

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