Q: I've been working for 28 years at the same company and have accumulated a hefty pension. But I just read that the Pension Benefit Guaranty Corporation (PBGC) is running out of money. Will my pension still be protected? D.Z., Albuquerque, N.M.
A: It should be ... but it may take an act of Congress. The PBGC, which is funded through premiums paid by companies with defined benefit plans, is experiencing a record shortfall due to a slew of major bankruptcies. You may have read the recent comments of PBGC's director, who is concerned about the potential collapse of the system and has asked Congress for assistance. With so much at stake, it's likely that Congress will keep PBGC afloat. Of course, the responsibility for making up the shortfall will eventually fall on the taxpayer.