Chuck form Rebel Traders reports that pension accounts and how they (don't) stack up.
(emphasis mine) [my comment]
Pension Accounts - How They Stack Up... Or Not
By · 6:44 p.m. March 9
Wonder how some of the largest corporations are doing with their employee pension funds? The following graphic details the surplus or deficit of pension plans for some of the largest corporations in the United States.
I see a lot of red there...
My reaction: Pension plans are now so far behind in funding that they are effectively bankrupt.
Also, remember that the pension plans of failed companies are taken over by the grievously under-funded PBGC (Pension Benefit Guaranty Corporation), which means most of the red seen above will soon be added to our national debt.
I don't think they are bankrupt. I too see a lot of red but if you look at the % funded most are 60% or above. I don't think that is too bad given the decline in the market and probably asset base. Most of those companies probably have enough cash to fully fund the pension. I do recall that pensions do not need to be fully funded. There is some accouting that allows company to keep cash on their books after a specific pension target has been meet. Don't recall all of the details. Wonder if those pensions are inflation protected?