Sentence examples for a failed pension from inspiring English sources

The agency was originally established to cover basic blue-collar pensions, and Mr. Clerihue said that in most cases when it takes over a failed pension fund, the retirees do end up receiving full coverage.

But just wait until investors price in a failed pension reform, which is probably just three months away.

Congress has been debating legislation to fix the private system, but it has been unable to resolve a basic tension: anything it does to ease the burden on failing or failed pension plans lessens the penalty for failure and enhances moral hazard.

The long-term prospect could be a series of failed pension plans and lost benefits reminiscent of those in the steel industry, a costly outcome for the government.

The agency acquired many of these stocks in the last two years, when it took over the assets of a record number of failed pension plans.

Senator John Breaux, Democrat of Louisiana, said he thought anecdotal evidence of problems obscured "an upward trend line" in serving people in the failed pension plans the agency runs.

In a so-called distress termination, the government takes over the failed pension plan's assets and liabilities and uses the money to pay benefits to the retirees, within certain limits.

In Blairland, depicted in prime minister's questions, old folk live in freezing poverty thanks to failed pension schemes.

She had been an executive of another company, Office Specialists Inc., which at the time had the contract with Mr. Hagans's office to administer some failed pension plans, including those of Pan American World Airways, which failed in 1991.

The decision may prompt new litigation from people unhappy with how the guaranty corporation determined the amount they were due from their employer's failed pension plan.

The Pension Benefit Guaranty Corporation is already hobbled by debt, having picked up the pieces of more than 3,200 failed pension plans in its 30-year life.