(Adds lawmaker comment, edits) By Susan Cornwell WASHINGTON, April 30 (Reuters) - The U.S. agency that bails out troubled corporate pension plans said on Wednesday that its deficit had swelled to around $5.4 billion in the first six months of its fiscal year, from $3.64 billion in 2002. The Pension Benefit Guaranty Corp., which backs the pensions of 44 million Americans, said it had already absorbed most of the troubled plans in the steel industry and now faced exposure to underfunded ...
Premium Content (PAID Subscription Required)
"UPDATE 2-U.S. pension agency deficit up sharply" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.