US - Companies with underfunded pension plans reported a record shortfall of US $353.7bn in their latest filings with the Pension Benefit Guaranty Corporation (PBGC).
Executive director Bradley Belt told the Senate finance committee the figure is up 27% from the previous year, when companies recorded underfunding of US$279bn. The 2004 reports, filed with the ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
