PBGC Lost $1.2 Billion in Investments

By Nancy Trejos, Washington Post Staff Writer, October 23, 2008; Page D03 The government agency that insures private-sector pension plans for millions of Americans lost $1.2 billion in the past 11 months to Aug. 31, including a $3.1 billion loss in stock investments. The Pension Benefit Guaranty Corp. incurred the loss even before the stock market's historic tumble last month, according to preliminary unaudited figures released by the House Education and Labor Committee.