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Regarding Underfunding, Retire the Number $450 Billion
Blogging Employee Benefits
[Opinion] June 2, 2006
Excerpt: No, I still don't believe that $450 billion number. And the more I see, the more elusive I find that fiction. Ultimately, absolute truth on it might give us a whole new meaning to the term 'actuarial error.' But from what I can tell, $450 billion may be several multiples above even the high end of any reasonable range for the true level of current underfunding among PGBC-covered defined benefit pension plans.
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