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re: One in four Americans has more debt than savings
Posted on 2/23/12 at 2:47 pm to iknowmorethanyou
Posted on 2/23/12 at 2:47 pm to iknowmorethanyou
quote:
May 27, 2010, 8:16 p.m. EDT
When you said "relying on the PBGC for help" I took that to mean they were getting funding from them as I'm not sure how else to take that comment. The reason I asked further is that as far as I'm aware, unless they get wiped in a bk they don't get any money from being underfunded, they just get told to true it up when things get way out of whack (you know, to avoid precisely that). So if there's pensions getting bailed out by the PBGC pre-bk I'd like to know about it as I've not seen or heard of that happening.
Posted on 2/23/12 at 2:52 pm to kfizzle85
I should have added potentially before getting funding...it seems as though more than a handful are headed down that road. Certainly unforeseen pension obligations would be quite the financial hardship on a company who may already be feeling some cash pains.
This post was edited on 2/23/12 at 2:55 pm
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