The weakest corporate pension plans now have even bigger problems [Toronto Globe and Mail (Ontario, Canada)]
Resolute Forest Products Inc. (RFP)
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resolutefp.com/investors
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Source: Toronto Globe and Mail
The weakest corporate pension plans now have even bigger problems The plans that were in the worst shape – among them Bombardier Inc. and Resolute Forest Products Inc. – had hundreds of millions in unfunded shortfalls at the end of 2019, and have almost certainly seen those shortfalls balloon since. EVA HAMBACH/AFP/Getty Images The plans that were in the worst shape – among them Bombardier Inc. and Resolute Forest Products Inc. – had hundreds of millions in unfunded shortfalls at the end of 2019, and have almost certainly seen those shortfalls balloon since. Corporate pension plans that came into the coronavirus crisis in weak shape are markedly less healthy now, and are facing hundreds of millions of dollars in new contributions to fix looming shortfalls. Canadian plans on average were well-funded at the end of 2019, with a dollar of assets for every dollar of future benefits it needed to pay. But even those healthy plans have been dented over the past six weeks, due primarily to
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