Friday, July 29, 2005

More PBGC Data

PBGC, Pension Benefit Guaranty Corp., is taking it on the chin from the airlines. Airline pension claims are now 38% of the claims against PBGC. What percent of the premiums have been paid by the airlines to PBGC? 2.6%.

Not a bad deal for the airlines since you and I will be picking up our share of these costs when we pay our taxes.

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