Featured Jobs
|
Pattison Pension
|
|
MAP Retirement
|
|
DWC - The 401(k) Experts
|
|
Sentinel Group
|
|
Retirement Relationship Manager MAP Retirement
|
|
Regional Vice President, Sales MAP Retirement
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
MAP Retirement
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
BPAS
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
S&P 500 Companies Post Record Level of Pension Underfunding (PDF)
S&P Dow Jones Indices 
July 31, 2013 "Data shows that S&P 500 defined [benefit] pensions reached an underfunding status of $451.7 billion in fiscal 2012, a $97 billion increase over the $354.7 billion posted in 2011 and a $200+ billion increase over the $245 billion posted in 2010. OPEB underfunded levels increased to $234.9 billion in 2012 from $223.4 billion in 2011 and $210.1 billion at the end of 2010. Combined, the amount of assets that S&P 500 companies set aside to fund pensions and OPEB amounted to $1.60 trillion in 2012, covering $2.29 trillion in obligations with the resulting underfunding equating to $687 billion, or a 70.0% overall funding rate." MORE >> |
| 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). |