black and blue pension dialThe growing trend of healthy companies de-risking pensions throughannuity purchases is not accounted for in PBGC’s modeling. (Photo:Shutterstock)

The Pension Benefit Guaranty Corp.’s single-employer insuranceprogram has an operating surplus that is expected to continue toimprove over the next 10 years, according to the agency’s annualprojection report.

The report projects the average real value of the program’ssurplus to be $26.7 billion in fiscal year 2028, an increase of$6.6 billion from last year’s projection.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.