Economic Report:

With Delphi filing for bankruptcy the United States pension system could be in crisis. United Airlines earlier this year shifted their pension "burden" on to the Pension Benefit Guaranty Corporation and Delta, Northwest and Delphi are all expected to do the same. The PBGC is already running a massive 23 billion deficit. When a plan is turned over to the PBGC federal law limits the pension payments to less than $46,000. A pension that was $100,000 could essentially be sliced in half.