In addition, the Victor Posner estate got tied up in liens from the Pension Benefit Guarantee Corp., the Federal agency noting that the pension plan sponsored by Posner's estate had a shortfall of $38.8 million, and the plan was terminated by the agency.
Victor Posner's estate was burdened with liens from the Pension Benefit Guarantee Corporation (PBGC). The agency discovered a $38.8 million deficit in the pension plan, leading to its termination.