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.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
