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.
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