US - Analysis prepared by the Pension Benefit Guaranty Corporation (PBGC) has found that all three pension proposals being discussed by Congress would pile billions of dollars onto its US$23bn deficit in the next decade.
According to the analysis, the first proposal would require companies to contribute $1.23trn to their plans over the next 10 years and would increase the PBGC's deficit by $14.9bn, while the second...
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
