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Home | Blog | Pension Agency Deficit: $10 Billion

Pension Agency Deficit: $10 Billion

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Reuters: The U.S. agency that provides a safety net to company pension plans will announce a $10 billion deficit this week, a congressman said on Tuesday, warning that it raised the prospect of a taxpayer bailout. It would be a record deficit for the Pension Benefit Guaranty Corp. (PBGC), which a year ago reported its worst year ever and has seen its deficit only grow since then.

 

Llewellyn H. Rockwell, Jr., is founder and chairman of the Mises Institute in Auburn, Alabama, and editor of LewRockwell.com.

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