With a pension system deficit that increased to 21 percent across the world, automaker Ford Motor Co. admitted this week that it is facing challenges, largely due to low interest rates on corporate bonds.

The Detroit News reported that the company has promised to up its contributions in 2013 to $5 billion, hoping to offset a widening gap.

Despite its international issues, Ford's pension investments did particularly well in 2012, earning 14.2 percent – up from a 7.1 percent return in 2011.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.