Stealing From The Poor And Giving To The Rich: Corporate America Has Stolen $376 Billion In Pensions

‘The S&P 500’s largest corporate pension funds are stealing a staggering $376 billion from their workers by underfunding their pension funds, new figures from Citibank reveal.
The top 25 of these plans accounted for $225bn of that underfunding.
Citigroup’s Chief US Equity Strategist Tobias Levkovich warned, “Pension under-funding continues to be a major issue for S&P 500 constituents as very respectable equity market gains over the last seven years have not substantially alleviated pension pressures.”’
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