PBGC

Essentially, PBGC is writing a put option for which any private plan that is not fully funded is in-the-money; therefore, exercising the put by dumping liabilities onto the PBGC is attractive.

Pension Guarantee Hazards, Arnold Kling | EconLog | Library of Economics and Liberty 2009

The PBGC is a federal agency that insures private pension plans.

Check rules, bills to find medical expense tax deduction 2010

The PBGC is also confident that adding equities to its investment mix reduces its long-run risk “in the 99th percentile worst-case scenario”.

Retirement Policy 2009

Defined benefit plans have reinsurance in the form of the Pension Benefit Guaranty Coropration (PBGC) 7. the PBGC is bleeding money and headed towards insolvency

Archive 2008-01-01 xtra 2008

Defined benefit plans have reinsurance in the form of the Pension Benefit Guaranty Coropration (PBGC) 7. the PBGC is bleeding money and headed towards insolvency

Xtra's Midwestern Holiday Trip xtra 2008

The PBGC is also confident that adding equities to its investment mix reduces its long-run risk “in the 99th percentile worst-case scenario”.

The PBGC and the Stock Market: Moral Hazard or Socialism or Both? 2008

The PBGC is also confident that adding equities to its investment mix reduces its long-run risk “in the 99th percentile worst-case scenario”.

Stromata Blog: 2008

So many large corporations are now breaking their promises that PBGC is now more than $23 billion in debt itself, doubling its debt from last year.

11/16/2004 2004

The PBGC is admittedly a pigmy compared to the budget surpluses of the late 1990’s, but $30 billion isn’t insubstantial, and there would inevitably be pressure to deploy it for politically defined “good” ends.

Retirement Policy 2009

The PBGC is admittedly a pigmy compared to the budget surpluses of the late 1990’s, but $30 billion isn’t insubstantial, and there would inevitably be pressure to deploy it for politically defined “good” ends.

The PBGC and the Stock Market: Moral Hazard or Socialism or Both? 2008