Pension plan sponsors face significantly higher contributions for 2010, as the funded status for most is expected to decline precipitously.

According to a new study of 874 private-sector plans by Mercer, a New York-based consulting firm, the aggregate required cash contributions for 2010 will be a staggering 400% higher than in 2009. Unlike the last major market correction in the early 2000s, many plan sponsors face an economic environment in which limited available credit will compound their problems.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access