Corporate pension deficits hit all-time high

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US - Pension plans of S&P1500 companies are shouldering deficits of a combined $506bn, the largest recorded deficit in their history, according to data by Mercer.

The deficit translates to a funded status of 71% at the end of August, down from 84% at the start of the year. The shortfall is more than twice the 2009 deficit of $247bn, Mercer said. Funding l...

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