Saturday, July 25, 2009
Meanwhile - in Oregon - Pensions are in peril
This doesn't sound good...
Brent Hunsberger reports at OregonLive.com:
"Thirty-four of 36 large publicly traded employers operating in Oregon owe more retirement benefits than their traditional pensions can pay, an analysis by The Oregonian found.
Those retirement plans, held by companies employing an estimated 100,000 workers, were underfunded by an average of 24 percent at the end of 2008, their annual reports showed. That means they had only 76 cents for every $1 promised all workers, past and present."
