US - The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for two bankrupt US pension funds, which could see it foot a bill of about US$270m (e220m).
The PBGC announced it would protect the pensions of Kaiser Aluminum - the nation’s third largest aluminium producer with operations in 10 states and overseas, and Fruehauf Trailer Corp - a manufact...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
