The only correct disposal is proper incineration or chemical breakdown.
Actually even the incineration is not much usable:
When the required temperature is not reached for sufficient time and with correct composition of the reactants, the burning produces way more toxic substances. Because of the risk of such improper condition in the proper and the toxicity of the results, it is still considered the safest method to "just" store the PCB's for good on proper places in proper containers. In that respect it has really many similarities to a nuclear waste...
Long time ago it was considered to recycle the PCB's from the old equipment and reuse it in the new one, so let it cycle in that way practically forever (the PCB itself is extremely stable, so could be quite well extracted from virtually anything back into the usable form).
But because the collection of the used devices works as it works (so not much), plus the failures leading to leaks, the presence of it in items of daily use (ballasts,...) is a significant risk of uncontrolled release and a suitable replacements were found in the mean time, there is no use for the collected PCB's anymore, even the driving force for efficient recycling (saving money compare to making new material) have stopped working as well.