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[–] daskapitalist ago 

As is inevitably the case, private* pension company needs a boatload of asterisks.

From the article:
"Only government funding, either to the Central States Fund directly or through the PBGC, can fix the problem, he said"

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[–] 5263657? ago  (edited ago)

Private as in failed.

Oh well. The market will decide which pensions survive. Pensioners can eat dog food. Better they starve than the government step in, am I right?