Although funding for company pension plans is improving, they will soon be hit by higher fees and bigger obligations to retirees.

Employers face a 52 percent increase in the regulatory cost of administering pension plans by 2016 as well as a whopping $150 billion increase in liabilities to retirees with longer life spans, reports The Wall Street Journal.

In December, Congress raised the fees companies have to pay the Pension Benefit Guaranty Corp. Fees for each employee covered will rise from $42 last year to $64 by 2016.

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