Pensions have a $296.1B problem

April 20, 2015 10:48 PM

54 0

Pensions have a $296.1B problem

You’d think the soaring stock market last year would have put pensions on stronger ground. You’d be wrong.

Pension plans ended 2014 only 82.5% funded, down from their 89.7% funding level in 2013, according to a report issued by Wilshire Consulting last week. That means defined benefit plans only hold 82.5 cents in assets for every dollar in liabilities they face in to satisfy pensioners’ claims.

Also read: Germany's ThyssenKrupp Hit by Sustained Hacking Attack

Read more

To category page

Loading...