U.S. Corporate Pension Hole Hits $388B
American plans face mounting funding gap.
BY Caroline Cakebread | September 6, 2011
The Credit Suisse analysis says pension systems are now only 77% funded, thanks to a combination of weak equity markets and falling interest rates, wiping out any gains in the funding of defined benefit pension plans at S&P 500 companies since the end of 2008. There are 326 such companies in the S&P 500. Read the full article here.