The PBGC took over the underfunded pension plan of Amcast Industrial Corp., Dayton, Ohio, a bankrupt auto parts maker. The company's pension plan is about 47% funded, with assets of $77 million and liabilities of $166 million. The company received the green light from U.S. Bankruptcy Court on June 2 to terminate its pension plan.
The PBGC took over the underfunded pension plan of Amcast Industrial...
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