U.S. corporate pensions see record underfunding


March 29 (Reuters) - The 100 largest pension funds run by public U.S. companies had a record funding shortfall of $326.8 billion at the end of 2011, as sagging stock prices and low interest rates combined to lower investing returns and increase liabilities, a report released on Thursday by pension consulting firm Milliman said. The shortfall at the 100 funds, which collectively manage about $1.2 trillion, means companies either will need to pour in billions more dollars of cash or press for ...

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