Featured Jobs
|
Retirement Relationship Manager MAP Retirement
|
|
Sentinel Group
|
|
MAP Retirement
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Regional Vice President, Sales MAP Retirement
|
|
BPAS
|
|
DWC - The 401(k) Experts
|
|
Pattison Pension
|
|
MAP Retirement
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Record Losses in Pension Funded Status During 2008 Erase Five Years of Gains
Milliman 
Mar. 24, 2009
Excerpt: The ongoing financial crisis drove the 100 largest corporate pension plans to a record $300 billion loss of funded status in 2008. Asset losses fueled a decrease in funded status from about 106% at the end of 2007 to less than 80% at the end of 2008. Losses continued into 2009 with a $30 billion decrease in funded status in the first two months. At the end of February, the funded status of these 100 pension plans stood at 74%, the lowest level since May 2003.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |