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Federal Pension Agency Could Go Broke by 2020

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Federal Pension Agency Could Go Broke by 2020

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Federal Pension Agency Could Go Broke by 2020

Federal Pension Agency Could Go Broke by 2020

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  • <iframe src="https://www.npr.org/player/embed/3925267/3925268" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Recent high-profile bankruptcies such as U.S. Airways and Enron have increased the burden on the federal agency that provides insurance for corporate pension funds. Some estimates say the Pension Benefit Guarantee Corp. could be bankrupt by 2020. Hear NPR's Scott Simon and Joe Nocera of Fortune magazine.