Listen to the third and final episode to feature excerpts from a presentation at the 2012 SOA Annual Meeting by Don Fuerst, Senior Pension Fellow of the American Academy of Actuaries. In his presentation, Mr. Fuerst discusses the history and structure of Pension Benefit Guaranty Corporation (PBGC) premiums and the potential application of insurance principles to future reforms of the system. This episode explores potential approaches for funding (or not funding) the PBGC’s legacy costs.