New Oversight Proposed for Pension Insurance Agency

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The board doesn't meet

because they would be embarrassed to confront the problems of PBGC.

I remember when PBGC was created after the passage of ERISA (the Employee Retirement Income Security Act of 1974) The initial premiums that pension plans had to pay in to be insured were set at $1 per employee per year. They have risen a LOT since.

But then, how much insurance do you get for $1 a year?

Muser of NM @ Jul 30, 2009 20:04:04 PM

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