S&P wants companies to detail slide in pension fund assets

Newswire

By Martha Graybow NEW YORK, July 29 (Reuters) - Ratings agency Standard & Poor's on Monday asked U.S. companies to provide up-to-date information about the value of their pension plans, in an effort to assess the fall-out from the stock slide on retirement funds. Corporate pension plans have lost money on their investments and some have become underfunded by billions of dollars, which could hurt companies' bottom lines if market conditions do not improve and they are forced to come ...

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