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Old 03-12-2009, 02:41 PM
 
Location: Michigan
29,391 posts, read 55,609,273 times
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Last year's stock market collapse left the nation's largest private pension plans with a deficit of more than $200 billion, a study released Wednesday said, which could force companies to invest more money in their plans when they can least afford it.

The nation's 100 largest corporate pension plans were underfunded by $217 billion at the end of 2008, holding only 79% of the assets needed to cover estimated long-term liabilities.

Largest U.S. pension plans' assets fall $217 billion short - USATODAY.com
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Old 03-12-2009, 02:57 PM
 
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It's the end of the world as we know it.....


I think more negative financial facts will surface this year and will snowball.

I don't know any of these yet but I think they exist and it's worse than we may think IMO.
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