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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 >> |
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