The shortfall in corporate pension plans doubles to $440B in Q3, a victim of weak stock markets...

|By:, SA News Editor

The shortfall in corporate pension plans doubles to $440B in Q3, a victim of weak stock markets and barely visible interest rates. Defined benefit plans are going the way of the dodo bird, but still cover 14% of the U.S. private-sector workforce. Those rock-solid corporate balance sheets may be a little less so as companies will be forced to part with cash to fund the deficits.