Deficits in the Pension Benefit Guaranty Corps.' single-employer and multiemployer insurance programs both increased in fiscal year 2015, according to the annual report released by the agency today.
The single-employer deficit increased to $24.1 billion, up from last year's reported $19.3 billion deficit.
And the beleaguered multiemployer program's deficit widened to $52.3 billion, up from last year's $42.4 billion, and an all-time high.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
