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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.

Corporate Pension Crisis is part of Business Exchange, suggested by Adrienne Carter. This topic contains 953 news and 145 blog items. Read updated news, blogs, and resources about Corporate Pension Crisis. Find user-submitted articles and reactions on Corporate Pension Crisis from like-minded professionals.

News

Recent news on this topic.

JAL seeks 40 pct pension payout cut for survivalmore

TOKYO, Nov 23 (Reuters) - Japan Airlines Corp (9205. T) asked retirees and employees on Monday to accept an average 40...

JAL mulls 30 pct pension pay cut for retirees-Nikkeimore

TOKYO, Nov 22 (Reuters) - Japan Airlines (9205. T) is mulling to propose a plan to cut pension payments to its retirees...

JAL to propose 40 pct cut to pension payouts-mediamore

TOKYO, Nov 21 (Reuters) - Struggling carrier Japan Airlines Corp (9205. T) (JAL) plans to propose cutting pension...

PRESS DIGEST - Financial Times - Nov 21more

less tight capital requirements during downturns. Britain's leading accountancy group, the Accounting Standards Board,...

ASB urges bond pensions benchmarkmore

Company pension liabilities should be discounted by an interest rate equal to that on risk-free government bonds, an...

Deadly Labor Wars Hinder India's Risemore

intends. They say that by using these workers -- who are generally paid less and don't draw company pensions --...

Readers React: 'Broken window problem'more

intends. They say that by using these workers -- who are generally paid less and don't draw company pensions --...

Companies drop pensions, pay execs $350 mln--GAOmore

liabilities. Failing pensions deplete the resources of the Pension Benefit Guaranty Corporation, a government agency...

Companies drop pensions, pay execs $350 million: watchdogmore

liabilities. Failing pensions deplete the resources of the Pension Benefit Guaranty Corporation, a government agency...

Fighting The High Costs Of Health Caremore

a profit, they've started to look at employee benefit packages as a quick cost-cutting solution. Just as corporate...

Help me save for my son's college daysmore

through university, although I am wary of him leaving with too much debt. I will certainly consider the company...

Federal backstop programs may need bailout of their ownmore

we would like. The Pension Benefit Guaranty Corp. is a federal agency that pays pensioners their benefits when company...

Fidelity teams up with MetLife for annuity salesmore

guarantees on income streams. Coupled with uncertainty around the Social Security system and the demise of many...

Faith in longevity derivativesmore

with waning interest in pension buy-outs, under which the entire assets and liabilities are passed to an insurance...

Help me to save for my son’s college daysmore

through university, although I am wary of him leaving with too much debt. I will certainly consider the company...

U.S. pension agency's deficit widens to $22 billionmore

fiscal 2009 and its exposure to future losses from weak companies more than tripled. The agency, which insures company...

Fitch Expects to Rate Lockheed Martin's New Notes 'A-'; Outlook Stablemore

NEW YORK--(Business Wire)-- Fitch Ratings expects to assign an 'A-' rating to the Lockheed Martin Corporation's (LMT)...

Govt to ease criteria for righting pension recordsmore

when they stopped working but are not sure whether they actually received the money. People who paid into corporate...

More employers rethink retirement plansmore

pensions plans. A broader, and continuing trend, indicates workers will have to start saving more to retire as company...

Two-tier pension plan fearedmore

the income they might have when they leave the workforce. Even those who thought they had secure, comfortable company...

Wednesday Papers: Fitch warns on Britain's huge budget deficit -- othe...more

rating * European Investment Bank and banks to lend £1.4 billion for UK wind farms * UK company pension deficit down...

Govt drafts JAL pension yield cutmore

The Yomiuri Shimbun The government has outlined a plan to reduce the guaranteed annual yield of Japan Airlines'...

UK company pension deficit down 34 pct in Oct -PPFmore

* Deficit falls to 97.6 bln stg in Oct from 148.9 bln stg * New valuation assumptions lower liabilities by 7 pct...

Company pension deficit down 34 percent in Octobermore

LONDON (Reuters) -The total pension deficit of UK corporate pension funds fell by more than a third in October, despite...

You Really Need This in Your Portfoliomore

Retirees need income. Another thing that you need after you retire is regular income. Social Security and a company...

Top Sources: Corporate Pension Crisis

  • BusinessWeek
  • Guardian Unlimited
  • ft.com
  • USA Today
  • Washington Post
  • Seattle Post Intelligencer
  • MarketWatch
  • Business Insurance
  • International Herald Tribune
  • Globe Investor

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