Moneynews
WSJ: Corporate Pension Deficits Soar to $440 Billion
Thursday, December 1, 2011 01:23 PM
By: Dan Weil
The huge pension shortfalls for government workers have received plenty of attention, but pension deficits for major companies are growing too.
The gap between assets and liabilities for the 100 largest corporate pension plans in the country totaled $440 as of Sept. 30, more than doubling from $186 billion three month earlier, according to Milliman actuarial firm, The Wall Street Journal reports.
That represents the second biggest increase in percentage terms ever. It was topped only in the fourth quarter of 2008, following Lehman Brothers' collapse.
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