A report by the S&P 500 indicates 2002 pension figures show that continuing bear markets have resulted in pension shortfalls for 308 companies. Only 35 reported surpluses, among which are AT&T Corp., General Mills, Prudential Financial, and Verizon Communications. The 2002 S&P’s Core Earnings bore the impact of the bear market with pension adjustments taking $8/share of earnings.
Report by S&P 500 on Pension Underfunding
A report by the S&P 500 indicates 2002 pension figures show that continuing bear markets have resulted in pension shortfalls for 308 companies. Only 35 reported surpluses, among which are AT&T Corp., General Mills, Prudential Financial, and Verizon Communications. The…