Pension Funding Gap Erupts

Funded status of Chicago-area pension plans drops.

March 17, 2009
Stock market losses have pounded pension funds at a number of large employers, such as Abbott Laboratories, Caterpillar and Exelon. Most notable of those affected is Boeing, which in 2008 saw its defined-benefit plan funding surplus of $4.7 billion evaporate and turn into an $8.4 billion deficit.

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