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PBGC To Assume $153M Of Metaldyne Pension Plan

By Christie Smythe (July 31, 2009, 5:52 PM EDT) -- The Pension Benefit Guaranty Corp. has announced that it is assuming responsibility for the pension plan for the workers and retirees of bankrupt auto parts supplier Metaldyne Corp., putting the pension insurance agency on the hook for most of a shortfall of more than $150 million....

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