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CORPORATE PENSION CRISIS
The U.S. is going through a corporate pension crisis. Of the roughly $2.3 billion in U.S. corporate pension plans, roughly $500 billion sits in so-called frozen pensions that cap their benefits and or no longer accept new employees or contributions. And amid the market rout, pension funds are increasingly running huge deficits that will require companies to dip into their profits to make up that funding gap. Companies are searching for creative solutions to those problems.
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Most Active Articles in this Topic
Is now the time to gamble with retirement?
To meet ambitious investment return targets, some public pension funds must now swing for the...
sobabyboomer.com. Added on April 6, 2012
Pension Pain Mounts, Low Rates Boost Liabilities
General Electric Co., Boeing Co. and 3M Co. will join big U.S. employers in making a record $100...
bloomberg.com. Added on February 28, 2012
Personal Finance - Pension-Raiding Epidemic Worthy of Condemnation
Calling Michael Moore or Charles Ferguson. America's premier muckraking documentary filmakers are...
ihavenet.com. Added on November 3, 2011
Personal Finance - Vanishing Pensions Another Case of Corporate Greed
Each time the market plunges, rarely will you see a story asking why the market risk is born by...
ihavenet.com. Added on November 3, 2011
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