Pension funds to rebound from 2002 lows -report

Newswire

By Deepa Babington NEW YORK, Aug 21 (Reuters) - A rising stock market coupled with stable interest rates will breathe life some back into struggling corporate pension plans this year, according to a report released by Bear Stearns on Thursday. Overall, the 100 companies in the Standard & Poor's 500 index with the largest employee benefit obligations will be underfunded by 13 percent at the end of the year, compared to 18 percent at the end of last year, Bear Stearns estimated. ...

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