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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (14195)10/28/2004 1:16:38 PM
From: RealMuLan  Read Replies (1) of 116555
 
US company pension issue-- I read from Forbes that the Federal Pension Benefit Guaranty corp., shortfall could balloon to $50 billion or more if likely-to-fail plans actually bite the dust (like United Airline). It has a deficit of $11 billion as of last year. And underfunding for corporate pension plans as a whole exceeds $300 billion. amazing.
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