Federal pension insurance agency hits record deficit of $34 billion

By Star-Advertiser Staff and News Services

POSTED: 01:30 a.m. HST, Nov 19, 2012

~~<p>WASHINGTON » The federal agency that insures pensions for more than 40 million Americans ran the widest deficit in its 38-year history last year.</p>
<p>The Pension Benefit Guaranty Corp. said Friday that 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.</p>
~~

WASHINGTON » The federal agency that insures pensions for more than 40 million Americans ran the widest deficit in its 38-year history last year.

The Pension Benefit Guaranty Corp. said Friday that 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. Login for more...