“The Pension Benefit Guaranty Corporation (PBGC) is an independent agency of the United States government that was created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary to carry out its operations. The PBGC has a total of $102.5 billion in obligations and $79.5 billion in assets.” [Spot the problem.]

http://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation

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