First, I must admit, I haven't lost any sleep over PGC any more than I worry about the climate change. I always made my own way and never worked where I felt a pension would be an important aspect of my career. I always preferred to rely on my own ability to earn a living, rather than depend on a pension to see me through my retirement. Being a UAW GM worker, or a government worker never appealed to me, since I learned quickly the real money is earned by working smart and working for yourself. By doing so you can earn enough to be independent of government programs and government dependence forever. You probably don't understand the concept, but it worked for me. You see the Pension Guaranty Corp. doesn't apply to me, if you work for someone like GM and expect to receive your union pension then it probably is important, but thank goodness I made it the smart way and don't need the gov'ment to protect me.