Slowly but surely, the federal agency that insures pensions is running out of money.

The government insures pensions, and by taking over a failing pension plan, it greatly reduces the sponsoring company's overall liabilities.

His proposals were accompanied by new evidence of weakness from the federal agency that insures pensions.

When a pension funding ratio falls below 90 percent, the company must notify the employees and pay higher premiums into a government program that insures pensions.

It would be the biggest pension failure since the government began insuring pensions in 1974.

America's companies, large and small, had a total pension shortfall of about $300 billion at the end of 2002, according to the government agency that insures pensions.

While the government insures pensions, the coverage is limited - and it is much more varied than the government's insurance for bank deposits.

Because the federal government insures pensions only up to certain limits, US Airways' pilots lost benefits in the process.

Under the plan, the federal agency that insures pensions would take on significant risk and is expected to resist the plan.

The Bush Administration decided that the Federal agency that insures pensions would exclude plans assumed by insurance companies.