Last year's stock market collapse left the nation's largest private pension plans with a deficit of more than $200 billion, a study released Wednesday said, which could force companies to invest more money in their plans when they can least afford it.
The nation's 100 largest corporate pension plans were underfunded by $217 billion at the end of 2008, holding only 79% of the assets needed to cover estimated long-term liabilities. That compares with an $86 billion surplus — 109% of estimated liabilities — at the end of 2007, according to Watson Wyatt, a human resources consulting firm.
A separate study released Wednesday by Milliman said the nation's largest plans lost an additional $54 billion in February.
http://www.usatoday.com/money/perfi/retirement/2009-03-11-pension-plan-assets-short_N.htm
No comments:
Post a Comment