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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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options to adjust pension funding obligations, after falling stock and bond prices have driven down asset values in...
By Emily Chasan NEW YORK (Reuters) - Corporate pension plans, which were largely overfunded last year, are on their way...
1 Counting nest eggs The days of counting on a company pension alone to keep you prosperous in retirement are long gone.
There are nearly four million workers in Britain with company pension schemes that rely entirely on the stock market.
to own alternatives. Ditto for your employer's pension fund (if you're lucky enough to have a company pension) and for...
Not content with $25 billion in government loans to retool factories for fuel-efficient cars, the auto industry is...
Believe it or not, someday you'll feel like buying stocks again. You will no longer feel that the end of the financial...
last year, although in the longer term we expect the market to remain buoyant'. He points out that company pension...
years. One leg of the stool is supposed to represent retirement savings. In the past, this meant a company pension.
on an accounting basis. But the government-backed Pension Benefit Guaranty Corp., which acts as a safety net for...
there is perhaps a distant, lingering possibility that he might try to sell you, or more likely your company pension...
BW's Nanette Byrnes: experts say retirees with traditional defined-benefit pensions have little to worry about.
WASHINGTONDefense contractor Raytheon Co. said Thursday that third-quarter earnings rose 43 percent, helped by broad...
Public Fund and Foundation & Endowment plans reported median returns of -9.0% and -8.5%, respectively, for the...
NEW YORK (Reuters) - Company pensions that started the year off strong now face what could be their largest...
global economic growth slows. This could undercut profits. Howard Silverblatt, senior index analyst at Standard &...
Shares of Lockheed Martin (NYSE: LMT) flew past a diving Dow yesterday and ended around 9% down for the day.
Britain's biggest companies may need to put aside up to 150 billion to repair the damage inflicted on their pension...
Through most of his working life, steelworker Ray West looked toward a secure retirement. His company pension would...
Through most of his working life, steelworker Ray West looked toward a secure retirement. His company pension would...
was carried out systematically. Among reasons for the illicit amendment of the pension data were attempts to lower...
The next 12 months will be challenging. People are worried not only about their jobs, but also their company pensions.
saving in a pension. An estimated 11.6 million people aged between 16 and 65 have no private or company pension...
with combined assets of about 800 billion. The September survey found that one in ten employees with a company pension...
Top Sources: Corporate Pension Crisis
- BusinessWeek
- Globe and Mail
- ihavenet.com
- Guardian Unlimited
- USA Today
- ft.com
- bloomberg.com
- Washington Post
- Globe Investor
- Seattle Post Intelligencer
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