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Originally Posted by kirbyfan
Dont they have all that stuff in a separate fund so that it wouldnt matter? If they dont, why not??
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They do. It just doesn't work propery if they are bankrupt.
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The U.S. government’s Pension Benefit Guarantee Corporation (PBGC) is jittery that it might eventually have to take over parts of auto industry pension plans if restructuring is not successful. PBGC is already heavily in the red so such a “pension bailout” would ultimately have to come from taxpayers. When the PBGC steps in, promised pension benefits are often reduced -- as they have been for airline workers.
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