Underfunded pension plans: Is more debt the answer?

✍ Scribed by Ola Smith; Sheldon Langsam; Jerry Kreuze

• Publisher: John Wiley and Sons
• Year: 2003
• Tongue: English
• Weight: 69 KB
• Volume: 15
• Category: Article
• ISSN: 1044-8136
• DOI: 10.1002/jcaf.10216

✦ Synopsis

Abstract

Underfunded pension plans are a big problem. S&P 500 companies alone have a whopping pension deficit of
$239 billion. Now one company, General Motors, is issuing debt to cover the gap. But should other
companies do the same thing? Should you? © 2003 Wiley Periodicals, Inc.