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pensions shortfalls redux



<http://www.pbgc.gov/news/press_releases/2005/pr05_48.htm>

FOR IMMEDIATE RELEASE
June 7, 2005
PBGC Public Affairs, 202-326-4040

Companies Report a Record $353.7 Billion Pension Shortfall in Latest
Filings with PBGC
Agency also announces new analysis of United Airlines pension plans

WASHINGTON—Companies with underfunded pension plans reported a record
shortfall of $353.7 billion in their latest filings with the Pension
Benefit Guaranty Corporation (PBGC), Executive Director Bradley Belt
told the Senate Finance Committee today. That is up considerably from
the $279.0 billion reported a year earlier. The total increase in
underfunding is $74.7 billion, or 27 percent.
-- 
"Life sure is weird but what else am I to know?" [Jason Pierce]


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