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To: Jorj X Mckie who wrote (1195)	9/4/2003 1:06:22 PM
From: LPS5	Read Replies (1) \| Respond to of 2534

Underfunded Pensions Double in U.S. 1 hour, 49 minutes ago Thursday, 4 September 2003 WASHINGTON (Reuters) - Underfunded pension liabilities at troubled U.S. companies doubled this fiscal year, and could exceed $80 billion with airlines accounting for nearly a third of the deficit, the government said on Thursday. The Pension Benefit Guaranty Corp. also told Congress its deficit has grown to $5.7 billion as of July 31. The deficit for the entire fiscal year ending Sept. 30 last year was $3.6 billion. This gives the U.S. agency less money to bail out any troubled company retirement plans. Airlines, including bankrupt United Airlines Corp., have an underfunded liability of $26 billion, unchanged from April, the agency's executive director, Steven Kandarian, told a House of Representatives hearing. Kandarian said the underfunded liabilities he cited represent companies that have serious financial problems, including poor investment ratings. story.news.yahoo.com