Skip to main content

US pensions in trouble too

Aug 06 2003 by Brian Amble
Print This Article

US firms with traditional pensions are facing a soaring costs, the Boston Globe reports.

A study by Towers Perrin has found that funding levels have dropped dramatically since the late 1990s and that the 'average' pension plan is now substantially underfunded.

"Rising pension costs over the last two years are now having a significant impact on corporate income statements," said Steven Kerstein, managing director of Towers Perrin's global retirement consulting practice.

Boston Globe | Pension plan costs soaring, study finds

Related Categories

Latest book reviews

MORE BOOK REVIEWS

The Enlightened Manager

The Enlightened Manager

Vishwanath Alluri and Harry Eyres

Can we truly manage others without first understanding ourselves? This is the question at the heart of a book that takes an unconventional approach to management by drawing on the teachings of the teacher and philosopher, Jiddu Krishnamurti.

Super Adaptability: How to Transcend in an Age of Overwhelm

Super Adaptability: How to Transcend in an Age of Overwhelm

Max McKeown

Max Mckeown's heavyweight new book draws from neuroscience, psychology and cultural evolution to develop a practical framework for human adaptability. It might also help you move from paralysis into abundance

Lead Like Julius Caesar

Lead Like Julius Caesar

Paul Vanderbroeck

What can Julius Caesar's imperfect story - his spectacular failures as well as his success - tell us about contemporary leadership challenges?