[briandh]

> The Pension Benefit Guaranty Corporation (a government agency) explicitly exists to bail out private sector pensions with tax dollars.

Are you sure? From what I'm reading it draws the money it uses for payouts from premiums and the assumed assets of failed plans.

http://www.ebri.org/pdf/publications/facts/0107fact.pdf http://www.cbo.gov/sites/default/files/cbofiles/ftpdocs/66xx...