Pension Shortfall

Pension Shortfall

A situation in which there are insufficient funds in a defined benefit plan to cover the plan's obligations. A pension shortfall may occur when the investments into which the employer placed the funds do not perform as well as hoped, or perhaps when a disproportionate number of retirees live longer than expected. The company providing the pension is liable for the pension shortfall, meaning that it must find a way to make payments, even if it reduces the company's income.
References in periodicals archive ?
Essar's pension shortfall was more than $500 million.
26, 2013 /PRNewswire-USNewswire/ -- Governor Alejandro Garcia Padilla has signed into law two reform measures that will help alleviate Puerto Rico's pension shortfall.
With consumers facing an average pension shortfall of more than Au4,600 per year** and unable to rely on the state pension, 40% of people have turned their attention to other methods of supporting themselves during their retirement.
2tn) pension shortfall by 2033, Deutsche Bank estimated in 2012.
Both the pension funds' reported results and Milliman's findings fell within the range of previous estimates from other studies of the total size of the public pension shortfall in the United States.
The pension shortfall for the members of the bmi Pension Scheme will be partially offset by a one-off contribution from Lufthansa of GBP84m to a supplementary pension scheme.
com, investing in overseas property could be a possible solution to their pension shortfall.
We believe government should look at the long term, as opposed to possibly concentrating on raising short-term cash, which may not add up to what some people might have expected, after provision has been made for debt, the pension shortfall and the 50 per cent share to racing.
But the average Middle Britain wage earner struggles to cover their mortgage and faces a pension shortfall.
The Government also announced it would take on the Royal Mail's multi billion-pound pension shortfall as part of its plans.
Under the plan, the minimum retirement age will be lifted to 62 from 60 over the next eight years, and a wave of new levies will come into force from 2011 on capital gains, stock options and other investment income to help plug the pension shortfall.
REPORT: Forecast of dire pension shortfall is wrong, official says.