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re: Re It's "immoral" to strategically default on one's mortgage
Posted on 12/14/11 at 12:24 pm to tirebiter
Posted on 12/14/11 at 12:24 pm to tirebiter
quote:
One thing not touched on in the corporate BR scenario is pension obligations, which often are transferred to the PBGC, which is funded by companies with ongoing pension plans. The non-BR employers will have to pay higher contributions to the PBGC in the future and the PBGC is underfunded as is. Waiting for it to ask for a bailout in the future.
Presumably they are paying current on their premiums to the PBCG?
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