{"id":37077,"date":"2013-02-01T18:00:44","date_gmt":"2013-02-01T18:00:44","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ft_us_pension_insurer_warns_of_rising_deficit\/"},"modified":"2013-02-01T18:00:44","modified_gmt":"2013-02-01T18:00:44","slug":"ft_us_pension_insurer_warns_of_rising_deficit","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=37077","title":{"rendered":"(FT) US pension insurer warns of rising deficit"},"content":{"rendered":"<p>The finances of the US\u2019s multi-employer pension schemes have deteriorated so quickly over the past year that the body that insures them will almost certainly run out of cash in 20 years, according to a new report.<\/p>\n<p>The chances of the Pension Benefit Guarantee Corporation \u201d\u201c the publicly created but privately funded body that insures the nation\u2019s occupational pension schemes \u201d\u201c going bust went from 1 in 3 at the end of 2011 to more than 9 in 10 by the end of 2012, a report prepared for the PBGC and released on Tuesday said.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/20429caa-6a49-11e2-a3db-00144feab49a.html\">Read it all<\/a> (may require subscription).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The finances of the US\u2019s multi-employer pension schemes have deteriorated so quickly over the past year that the body that insures them will almost certainly run out of cash in 20 years, according to a new report. The chances of<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=37077\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,103,582,589,149,168,597,662,593,596,34],"tags":[],"class_list":["post-37077","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-aging-the-elderly","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-laborlabor-unionslabor-market","category-pensions","category-personal-finance","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/37077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37077"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/37077\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}