U.S. Takes Over Insolvent Kemper Pension Plan
By Arthur D. Postal, Washington Bureau Chief
NU Online News Service, Oct. 21, 4:52 p.m. EDT, Washington?The Pension Benefit Guaranty Corp. has moved to take over the pension plan of the troubled Kemper Insurance Companies, affecting 12,000 employees and retirees, because actuaries projected that the company had less than half the money needed to fund it.[@@]
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