Seeking Alpha

Public pensions enjoy a 17.6% jump in total holdings Y/Y - but that's before likely-negative Q3...

Public pensions enjoy a 17.6% jump in total holdings Y/Y - but that's before likely-negative Q3 results come in. Pensions are drastically short on future obligations; estimates range from $700B to $3T. The 10 most underfunded corporate pensions, according to UBS: AKS, GT, OI, X, LMT, SVU, WHR, F, SHLD, RTN.
From other sites
Comments (2)
  • Tom Armistead
    , contributor
    Comments (5847) | Send Message
     
    Underfunding could become an issue with 3rd quarter earnings. Future liabilities need to be discounted, by a rate of return that is related to prevailing interest rates. With interest rates as low as they are, companies may need to reduce their discount rate, which will increase reported liabilities.

     

    Looking toward the end of the year and updating guidance, this issue may make its way into 3rd quarter earnings conference calls.
    29 Sep 2011, 06:47 PM Reply Like
  • minecanary
    , contributor
    Comments (743) | Send Message
     
    Add Ct to the list with its highest per/cap bonding issue. The *&^%$ democrats promise higher benifits to the low lifes and illegals at the expense of the 40% normal folks and solidify their grip on power.
    29 Sep 2011, 08:18 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs