US - The Pension Benefit Guaranty Corporation (PBGC) has taken on responsibility for the pensions of more than 6000 workers and retirees of the bankrupt Amcast Industrial Corporation's merged pension plan.
According to PBGC estimates, the Ohio company’s plan is 47% funded, with US$77m in assets to cover $166m in benefit promises to the 6,200 members. The PBGC will also be liable for $83m of the $89m ...
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