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Pension Deficit Surges in 2011

Biggest U.S. plans see funding shortfall swell 41%; pension-related charges hit $38.3 bln.

By Thomas Black, Bloomberg | Updated on March 29, 2012

The pension-funding deficit for 100 of the largest defined-benefit pension plans at U.S. companies, including Boeing Co. and AT&T Inc., increased 41 percent last year as low interest rates drove up liabilities.

The 100 largest plans posted a record shortfall of $326.8 billion for 2011, up from $232.1 billion a year earlier, according to a report by Milliman Inc., a Seattle-based actuarial and consulting company.

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