Enron Corp.’s defined benefit pension plan would have a shortfall of at least $125 million if it were to be shut down today, Steven A. Kandarian, executive director of the PBGC, told members of the Senate Finance Committee today. He said the agency estimates the plan has assets of $220 million.
Separately, Mr. Kandarian reported that the PBGC’s surplus assets had shrunk to $7.7 billion for the financial year ended Sept. 30, 2001, from $9.7 billion at the end of the previous fiscal year.
