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Federal Pension Agency in Deep Deficit

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Federal Pension Agency in Deep Deficit

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Federal Pension Agency in Deep Deficit

Federal Pension Agency in Deep Deficit

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  • <iframe src="https://www.npr.org/player/embed/1600198/1600199" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The federal agency that protects corporate pension plans says it is running an $11 billion deficit. The shortfall at the U.S. Pension Benefit Guaranty Corp. is not expected to have an immediate effect on the estimated 44 million Americans whose pensions it insures, but the news has lawmakers calling for reform. NPR's Allison Aubrey reports.

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