How can the Pension Benefit Guaranty Corporation continue to fund bankrupt companies?
This system is severely underfunded, how do you plan to ensure this system will be able to pay out pensions that are -needed- by employees when they retire.
Public Comments
- and that was brought up years ago when it was created ..they knew it would have to be fed funded due to shortfalls on intake vs owed..it was another brilliant piece of legislation but they essentially had no choice in one respect; corps. were spending the pension funds to keep going, and yet corps. knew once that law was passed that the feds would take over the programs and guaranty the pensions, though they may be reduced/changed, but at least there will be some money for people vs nothing at all. and yah, just how do you keep it going? only the fed has the power to print money...and thats what they do.....more and more of...not good
