The federal Pension Benefit Guaranty Corporation (PBGC) paid out more than $18.111 million to 4,580 Arkansas retirees in failed pension plans in 2017. The payments came despite fears that rising deficits for some of the nation’s largest employer programs will cause the government-funded trust to run out of money in the next decade.
Elliot Dinkin, president/CEO of Cowden Associates, Inc. was recently quoted in the Talk Business article.