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Audio: Pension Benefit Guaranty Corporation's Financial Troubles Deepen with United Terminations
National Public Radio [NPR] 
May 18, 2005 Excerpt: The government corporation that insures pensions for 35 million Americans is facing a serious financial shortfall of $23 billion. The deficit increased when United Airlines was allowed to transfer its pension obligations to the government. Now there's concern that taxpayers could face a costly bailout if other companies follow United's lead. MORE >> |
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