This year, the insurer has acquired an addition 144 pension plans and is directly responsible for the benefits of 1.5 million workers and retirees.
The PBGC’s investment returned 13.2 percent for the year, coming form a record $33.5 billion deficit in May. Revenue projections were depressed due to low interest rates, and analysts warn the PBCG’s increasing losses may eventually require a taxpayer bailout.
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