Final Private-Sector Pension Bailout Regulation Nearing Release

The federal government’s private-sector pension insurer is one step closer to issuing a final regulation outlining how bailout money Congress approved last year for failing plans will be distributed.

The White House concluded its regulatory review of the Pension Benefit Guaranty Corporation rule (RIN 1212-AB53) this week, marking the last hurdle the federal agency must overcome before publishing its final policy.

Millions of union workers’ retirement benefits have been threatened, reduced, or even cut over the last two decades by more than 200 massively underfunded group plans in the US—the product of poor assumptions, failed risky investments, and ...