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Message: <blockquote data-quote="DELACROIX" data-source="post: 4847135" data-attributes="member: 49065">That bail out money is actually going into the federal agency called the PBGC, it’s sole purpose is to insure private and multi employer pensions.  These underfunded pension trusts have to applyfor the forgivable loan, I read somewhere that it maybe a year or more before the funds are released.  I believe that the retirees will start getting checks from the PBGC instead of their pension plans.  The fine print would be interesting though, I expect that the Feds will be more involved with the running of these trusts and the corporations and companies that contribute into those pension plans.</blockquote>