Law360, New York (August 18, 2009) -- The Pension Benefit Guaranty Corp. announced Tuesday that it had assumed responsibility for an underfunded pension plan covering almost 1,900 workers and retirees of IndyMac Bancorp Inc. unit IndyMac Bank FSB.
The plan is estimated to be about 89 percent funded, with assets of $33 million and benefit liabilities of $37 million, the federal pension insurer said in a statement. The...
