Demand leakages…

Company pensions in peril as shortfalls hit record

By Jeff Cox

July 31 (CNN) &#8212 Young workers may want to start counting on something other than company pensions to fund their retirements.

It turns out that the plans of S&P 500 companies are underfunded to the tune of $451.7 billion, a number that has grown some 27 percent in just the last year alone, according to data released Wednesday by S&P Dow Jones Indices.

While firms have plenty of cash to cover older workers currently on the payroll or in pension plans, that may not be the same once the younger generation gets ready to stop working.