Pension shortfalls spark calls for rule changes


Companies with underfunded pension plans reported a record shortfall of $353.7 billion in their 2004 filings with the Pension Benefit Guaranty Corporation (PBGC), the Senate Finance Committee was told in June. The deficit is a massive 27% higher than that reported in 2003, raising questions about the suitability of current funding rules.

A recent report by the US Government Accountability Office (GAO) argues that minimum funding requirements are to blame for the current shortfalls in underfu

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: