The PBGC today announced it has taken over the underfunded pension plan of Acme Metals Inc., a bankrupt Riverdale, Ill., maker of steel and steel products. The Consolidated Pension Plan for Acme Salaried and Hourly Employees, which was shut down June 1, has $327 million in liabilities and $157 million in assets, according to PBGC estimates.
The PBGC today announced it has taken over the underfunded pension...
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