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AK Steel Holding

Potential Pension Problems Loom For These ETFs

Many younger workers, say those that have entered the workforce from the 1990s through today, probably will not receive a defined benefit pension when they retire. Younger workers are not unfamiliar with defined pension plans. They have heard of them, probably by way of their parents or grandparents.That is to say the number of U.S. companies paying defined benefit pensions has dwindled over the years. Unfortunately for investors, companies' pension obligations have not dwindled and underfunding of pensions is on the rise. One culprit is the low interest rate environment."Discount rates for pension liabilities dropped from 7.4% in 1999 to 4.7% in 2011 This translates to a 190% increase in liabilities for a typical plan," according to J.P. Morgan research .Return assumptions that were too rosy are another culprit. Some companies left plans underfunded assuming the go-go days of the 1990s equity markets would return."If pension assets had grown at the typical plan's expected rate of retu...

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  1. AK Steel Loss Widens, Adjusted Figure Beats View

    NEW YORK (MarketWatchy) -- AK Steel said Tuesday its fourth-quarter loss widened to $230.4 million, or $1.89 a share, from a loss of $193.9 million, or $1.76 a share...

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    U.S. stocks ended mostly lower Monday, snapping the S&P 500 index's eight-session winning streak, following mixed reports on the U.S. economy.The market's recent adv...

  3. MARKET SNAPSHOT: U.S. Stocks Edge Up After Housing Report

    U.S. stocks traded close to their five-year highs Monday after a trade group said pending home sales dropped last month, equipment maker Caterpillar Inc. posted prof...

  4. MARKET SNAPSHOT: U.S. Stocks Near Neutral After Housing Report

    U.S. stocks traded close to their five-year highs Monday after a trade group said pending home sales dropped last month, equipment maker Caterpillar Inc. posted prof...

  5. Goldman Cuts AK Steel , Century Aluminum To Sell

    Shares of AK Steel and Century Aluminum Co. both fell in midday action Monday after Goldman Sachs downgraded both stocks from neutral to sell. Goldman cut the rating...

  6. SunCoke Energy Partners Falls in Trading Debut

    SunCoke Energy Partners LP (SXCP) slumped early in its trading debut, the third soft showing for a master limited partnership this week.Its common units opened flat ...

  7. Is Your Pension Underfunded?

    John Ehrhardt, Milliman principal and consulting actuary, on the record number of pensions being underfunded.

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