The Pension Benefits Guaranty Corp. has taken over the benefits owed 4,100 current and future retirees of the bankrupt Journal Register Co.

The pension fund of the newspaper publisher, the PBGC said, has $91.5 million in assets against $177.7 million in future unfunded liabilities. The agency, which ensures private pension systems through premiums collected from plan sponsors, said it expects to pay all benefits owed plan participants up to the legal limit of about $57,000 per year for a 65-year-old.

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