Agency backing U.S. pensions put on risk list

Newswire

By Susan Cornwell WASHINGTON, July 23 (Reuters) - U.S. Congressional auditors on Wednesday placed the agency that bails out failing company pension plans on a list of "high risk" programs, saying more pension losses loom for corporate America. The General Accounting Office announcement highlighted concern over the health of America's traditional corporate pension plans and the agency that insures them -- the Pension Benefit Guaranty Corporation (PBGC). Plans that promise a specific ...

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