As recently as 2012, the single-employer program was running a $29.1 billion deficit; it has improved its cash position by nearly $38 billion since then. (Photo: Shutterstock)
The Pension Benefit Guaranty Corp.'s single-employer insurance program grew its surplus by more than $6.2 billion in fiscal year 2019, according to the agency's recently released annual report.
The program, which insures more than 24,000 single-employer plans, is now running an $8.65 billion surplus.
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