3 ms·
https://www.pbgc.gov/wr/find-an-insured-pension-plan/pbgc-protects-pensions https://www.pbgc.gov/wr/find-an-insured-pension-plan/pbgc-pr...
by fnordpiglet 3y ago
https://www.pbgc.gov/wr/find-an-insured-pension-plan/pbgc-protects-pensions https://www.pbgc.gov/wr/find-an-insured-pension-plan/pbgc-pr...
- lotsofpulp 3y agoPBGC relies on being bailed out all the time. Most recently, multi employer plans got another federal taxpayer bailout: https://www.nytimes.com/2021/03/07/business/dealbook/bailout-pensions-stimulus.html https://www.nytimes.com/2021/03/07/business/dealbook/bailout... If they didn’t, PBGC would have easily failed. The whole thing is an excercise in who has sufficient political power to get bailed out, and if I am playing that game, why not just directly put my hand in the SP500 and ensure I am bailed out directly rather than maybe via proxy.