Pension funding dropped even further in 2012, despite the efforts of plan sponsors who contributed more to their plans in an attempt to bridge their funding gaps.
According to new research by Towers Watson, the funded status of pension plans at 429 of the Fortune 1000 companies ended the year at 75 percent, compared to 78 percent at the end of 2011.
Overall, pension funding decreased by $79 billion last year, leaving a deficit of $418 billion at the end of 2012.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
