A few days ago we made a post about pension fund collapses and the government stepping in to guarantee those pension funds. Not too long ago the Delphi pension plan was seized and the PBGC made a deal to secure the pension plans for Delphi workers. But according to two workers at the Delphi Salaried [...]
As more and more companies seek bankruptcy protection in this troubled economy, many pensioners are anxious to know where they stand. Recently, an auto parts supplier became the fifth in its industry to shed pension obligations. However, the government’s pension insurer has vowed to assume responsibility for the underfunded plan. This move will add about [...]
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