Longer Lives Hit Companies With Pension Plans Hard

2015-02-25T18:26:04-08:00February 25th, 2015|Categories: Pension Funding|Tags: , , , |

When General Motors Co.’s pension plan took a big hit earlier this month, it joined hundreds of companies facing growing pension shortfalls as Americans keep living longer. Longevity has a downside for those paying the bills, and the higher costs now have to be reflected on corporate balance sheets because of new mortality estimates released in October. […]