PBGC Sues Sears To Take Over Struggling Pension Plans
By Danielle Nichole Smith ( February 1, 2019, 9:19 PM EST) -- The Pension Benefit Guaranty Corporation on Friday urged an Illinois federal judge to terminate two Sears Holdings Corp. pension plans estimated to be underfunded by $1.4 billion so that the agency could take over the assets and obligations of the plans....
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