Most pension plans may be underfunded next year

Newswire

NEW YORK, Nov 25 (Reuters) - Only one in five corporate pension plans will have enough funds to fully cover liabilities next year if weak economic conditions persist, according to an analysis released on Monday by a consulting firm. The firm, Watson Wyatt & Co. , also said if the weak stock market continues, the percentage of companies that will need to contribute to their pension plans next year could more than double to 65 percent. U.S. companies will have to pump billions of ...

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