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pensions shortfalls redux
- To: PEN-L@xxxxxxxxxxxxxxxx
- Subject: pensions shortfalls redux
- From: Autoplectic <autoplectic@xxxxxxxxx>
- Date: Tue, 7 Jun 2005 18:14:50 -0700
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<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]
- Thread context:
- Re: messing things up, (continued)
- So much for red state triumphalism,
Louis Proyect Wed 08 Jun 2005, 13:08 GMT
- Dog bites man #2,
Louis Proyect Wed 08 Jun 2005, 12:39 GMT
- Dog bites man,
Louis Proyect Wed 08 Jun 2005, 12:36 GMT
- pensions shortfalls redux,
Autoplectic Wed 08 Jun 2005, 01:15 GMT
- Next step on GM affair,
Alejandro Valle Baeza Wed 08 Jun 2005, 00:51 GMT
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