NU Online News Service, Feb. 25, 2005, 4:08 p.m. EST
The federal pension insurance agency wants to standardize the rules that apply when an employer shuts down a large facility.[@@]
The agency, the Pension Benefit Guaranty Corp., requires companies that leave multi-employer pension plans to contributes extra cash to the PBGC to protect the PBGC against the possibility that the departing employee may stop supporting its pension plan.