US - The Pension Benefit Guaranty Corporation's (PBGC) losses due to multiemployer pensions could rise to an average US$4bn in 2019 from an actual $869m at the end of September 2009.
According to its annual report, the lifeboat fund's exposure to "reasonably possible losses" from underfunded single employer pension funds rose to $168bn in 2009 from $47bn at the end of the previ...
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