1. THE HIDDEN PENSION THREAT.
- Author
-
Goldstein, Matthew
- Subjects
PENSION trust finance ,PENSIONS ,UNDERFUNDED pension plans ,RETIREMENT income ,RETIREMENT ,GOVERNMENT regulation ,UNITED States economy, 2001-2009 - Abstract
The article reports the slowing U.S. economy is putting pension plans at risk. Plan portfolios, holding mainly stocks, have taken steep losses. Also, companies are squeezed by regulations, under which they must pay for funding shortfalls in their plans. The largest plans are not fully meeting their obligations, and fund managers can cut benefits or raise employer contributions only so much. Without government help, the author says many plans will fail and taxpayers will pay for the consequences.
- Published
- 2008