Wednesday, June 07, 2006

Pension Underfunding Improves in 2005

According to a recent Standard & Poor’s report, S&P 500 defined-benefit plans as a group were $140.4 billion under funded for 2005, a slight improvement from the $164.3 billion under funded position of 2004, but still in stark contrast to the $280 billion of over funding posted in 1999 at the height of the bull market. Funding improved to 90.4% in 2005 from 88.5% in 2004, but remains well below the 128.2% level of 1999. Fully funded plans decreased to 47 in 2005, from 55 in 2004.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home