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PBGC Announces Takeover of Another Auto Company Pension PlanIt has just been announced that the Pension Benefit Guaranty
Corporation (PBGC) will assume responsibility for the pension plans of 70,000
workers and retirees of Delphi Corporation, the nation’s largest supplier of
automotive parts. Employees and retirees of many companies are concerned about
the future of their pension and other benefits.
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