Despite Some Bright Signs, Pensions to Suffer for Years
Dow Jones Newswire (08/25/03) No. 3846 p.44; Dale, Arden

Traditional pension plans have lately been bolstered by increases in the securities markets, but experts caution that moderate gains will still leave pensions woefully underfunded. A survey of 100 Standard & Poor's 500 companies indicates there will likely be an aggregate net pension cost of $11.9 billion this year, compared with net pension income of $3.3 billion last year.


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