(by Ameli Berksman)

By 2020 the U.S. corporate pension agency will be out of money, specialists say.

That may happen in case the current financial situation remains, they add. The agency pays benefits to about 1 million Americans and insures private pensions of about 43 million more. Pension concern is also connected with the fact that two big airline companies, UAL Corp. and U.S. Airways Group Inc., decline to make pension payments.

Many Americans worry of the bout for the long-term health of Social Security, the government’s vast mandatory savings program for retirees. It expects its trust fund assets to be exhausted in 2042.

In case U.S. airlines are not able to pay pensions, the agency will be run out of money as soon as in 2018. But even if not – it is expected to be cash-exhausted no later than 2023, specialists predict.