Pension Dumping

The battle cry from Wall Street and BlackRock is that private equity investments will improve retirement nest eggs investment returns. In truth, private equity has frequently destroyed pensions, retirement security and the underlying business. What the American Investment Council,  or Larry Fink of BlackRock will not tell you of the corporate pension retirement plans that were destroyed by private equity and had to be bailed out by the Pension Benefit Guaranty Corporation (PBGC), the government insurer that rescues failed pensions. 

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​Here are some of the pensions bailed out  by the Pension Benefit Guaranty Corp. (PBGC) in the U.S., and the Pension Protection Fund (PPF) in the U.K., known as the "Lifeboat fund," that protects pensions in the event of insolvency.