Ford's Pension Plan Underfunding Rises
March 2, 2011
The funded levels of Ford Motor Co.'s
At year-end 2010, the plans were underfunded by $6.7 billion, compared with $6.2 billion at year-end 2009, according to financial reports that Ford released Monday.
Benefit obligations jumped by about $2 billion, increasing to $46.6 billion in 2010, while the value of plan assets increased by roughly $1.5 billion, rising to nearly $40 billion.
By contrast, Ford rival General Motors Co. reported earlier that the
funding levels of its
GM bolstered the funded levels of its
Ford didn't disclose the amount it contributed last
year to its
Information on US Social Security Issues