Economic Charts

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Tuesday, September 14, 2010

Pension Underfunding Hits $460 Billion Deficit

An article by ZeroHedge came out today about how Pension deficits hit $460 Billion and showed a $108 Billion deterioration in one month. This was due to a large decrease in corporate bond interest rates. They point out the assets of corporate pensions in relation to their deficit (known as the funded ratio) fell from 75.6% to 70.1% in August, the lowest in 10 years. [ Read more ... ]

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