Tag: ERISA|Future retirement security|Traditional (defined benefit) pensions
Record profit yields underfunded pension
A recent article in Financial Week revealed a big surprise. ExxonMobil has the most underfunded defined benefit pension plan of all the S&P 500 companies. Yes, you read that correctly. A company yielding record profits has neglected to adequately fund its pension plan. According to the article, the ExxonMobil pension plan was funded at just […]
