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PBGC Takes Over Abandoned Circuit City Pension Plan

By Christie Smythe ( May 27, 2009, 12:00 AM EDT) -- The Pension Benefit Guaranty Corp. has assumed responsibility for a plan covering more than 21,000 former workers and retirees of bankrupt Circuit City Stores Inc. , putting the agency on the hook for $62 million of the plan's funding gap. . . .

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