Have the actuaries at the Pension Benefit Guaranty Corp. been asleep at the wheel?
That would be a forgivable response to the agency's Nov. 17 annual report, which revealed a $42.4 billion projected deficit in the PBGC's multiemployer plan, a more than five-fold increase since last year.
Absent legislative changes, the multiemployer program faces a 90 percent chance of running out of money by 2025, the report said.
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