PBGC Fiscal Year 2017 Annual Report: Multiemployer Program Deficit Widens to $65.1B; Single-Employer Program Continues to Improve, Deficit Narrows to $10.9B
November 17, 2017
November 17, 2017
WASHINGTON, Nov. 17 -- The Pension Benefit Guaranty Corp. issued the following news release:
The Pension Benefit Guaranty Corporation's Fiscal Year 2017 Annual Report (https://www.pbgc.gov/about/annual-reports/pbgc-annual-report-2017), released today, shows that the deficit in its insurance program for multiemployer plans rose to $65.1 billion at the end of FY 2017, up from $58.8 billion a year earlier. The increase was driven primarily by the ongoing financial decline of several la . . .
The Pension Benefit Guaranty Corporation's Fiscal Year 2017 Annual Report (https://www.pbgc.gov/about/annual-reports/pbgc-annual-report-2017), released today, shows that the deficit in its insurance program for multiemployer plans rose to $65.1 billion at the end of FY 2017, up from $58.8 billion a year earlier. The increase was driven primarily by the ongoing financial decline of several la . . .