Study: Firms slated to contribute $109 billion to pensions in 2009

01/14/2009 | Reuters

U.S. firms may need to contribute as much as $109 billion to their pension funds this year and $102 billion in 2010, according to a study released Tuesday by Watson Wyatt. U.S. companies added $38 billion to their pensions in 2008. The study says turmoil in the financial markets has left companies struggling to meet the minimum funding thresholds on their pension plans. "As contributions jump, employers may be forced to make tough choices to cut costs," said Mark Warshawsky, director of retirement research at Watson Wyatt.

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