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ENR > Finance > Pension Agency Reports Bigger Loss In Multiemployer Insurance Program - ENR.com | McGraw-Hill Construction
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| The Pension Benefit Guaranty Corp., which insures retirement plans covering 44 million workers and retirees, says the net loss for its multiemployer-plan program widened significantly in fiscal year 2006. It also reports that multiemployer plans, which cover millions of retirees and workers in construction and other industries, remain severely underfunded, though there was improvement from 2005.
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