US pension insurer runs record $34B deficit

namremf #49 excerpts: The Pension Benefit Guaranty Corp. says its deficit grew to $34 billion for the budget year that ended Sept. 30. That compares with a $26 billion shortfall in the previous year. Pension obligations grew by $12 billion to $119 billion last year. Assets used to cover those obligations increased by only $4 billion to $85 billion. The agency has now run deficits for 10 straight years. The gap has grown wider in recent years because the weak economy has triggered more corporate bankruptcies and failed pension plans. Me smells a bailout....
Dick All Messages By This Member #50 I hope it's not a BAILOUT,,, it's just another ill conceive Government subsidy. ? Please tell me why the Federal Government is in the Pension Insurance business???? ? toggle quoted message Show quoted text From: namremf To: ibmpensionissues@... Sent: Friday, November 16, 2012 5:29 PM Subject: [ibmpensionissues] US pension insurer runs record $34B deficit ? excerpts: The Pension Benefit Guaranty Corp. says its deficit grew to $34 billion for the budget year that ended Sept. 30. That compares with a $26 billion shortfall in the previous year. Pension obligations grew by $12 billion to $119 billion last year. Assets used to cover those obligations increased by only $4 billion to $85 billion. The agency has now run deficits for 10 straight years. The gap has grown wider in recent years because the weak economy has triggered more corporate bankruptcies and failed pension plans. Me smells a bailout....
namremf #51 Hey they are also in the flood insurance business, and last I checked,the DOD-feds also paid to re-design beef jerky: page 22 see also: Is It Time for a Coffee Break? There's a DOD-paid-for App for That!, page 20
Dick All Messages By This Member #52 Right ON. ?I have lived on the East Coast, SC and FL and seen blatant USGS 100 & 500 year REZONING of the FP , ?MOSTLY to allow coastal developers to build anything, they wanted to develop barely back from the primary sand dunes. I will say that there is one Axiom!! ?Government will always be corrupted. ? ? toggle quoted message Show quoted text From: namremf To: ibmpensionissues@... Sent: Friday, November 16, 2012 8:23 PM Subject: [ibmpensionissues] Re: US pension insurer runs record $34B deficit ? Hey they are also in the flood insurance business, and last I checked,the DOD-feds also paid to re-design beef jerky: page 22 see also: Is It Time for a Coffee Break? There's a DOD-paid-for App for That!, page 20
teamb562 All Messages By This Member #54 Why the Federal Government is in the Pension Insurance business: --------------------------------------------------------------- Because big business has proven it cannot be trusted. Just look at the big bank bailouts. And people complain about the government. It should be the opposite. toggle quoted message Show quoted text --- In ibmpensionissues@..., Just Puttin' <JustPutt2@...> wrote: I hope it's not a BAILOUT,,, it's just another ill conceive Government subsidy. ?? Please tell me why the Federal Government is in the Pension Insurance business????? ?? ________________________________ From: namremf <no_reply@...> To: ibmpensionissues@... Sent: Friday, November 16, 2012 5:29 PM Subject: [ibmpensionissues] US pension insurer runs record $34B deficit ?? excerpts: The Pension Benefit Guaranty Corp. says its deficit grew to $34 billion for the budget year that ended Sept. 30. That compares with a $26 billion shortfall in the previous year. Pension obligations grew by $12 billion to $119 billion last year. Assets used to cover those obligations increased by only $4 billion to $85 billion. The agency has now run deficits for 10 straight years. The gap has grown wider in recent years because the weak economy has triggered more corporate bankruptcies and failed pension plans. Me smells a bailout....

Previous Topic Next Topic

开云体育

US pension insurer runs record $34B deficit