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The Obama administration also wants Congress to give the Pension Benefit Guarantee Corp. the power to raise premiums for multiemployer programs (Photo: AP)

The premiums multiemployer pension plans pay to the Pension Benefit Guarantee Corp. will have to increase exponentially for the federal insurance program to avoid insolvency, according to the agency’s most recent budget projections, released today.

Nick Thornton

BenefitsPRO

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