From $63 billion over to $372 billion under
Pension pulse has a piece on the degree to which pension funds have declined.
As a group the S&P companies were 4% over and now are 22% under funded.
I have no idea about how many people the S&P companies represent, however, if you consider a $2 trillion deficit in one year and pensions are supposed to pay benefits for the rest of one's life, the numbers look like either:
1) There are very few people represented by S&P companies, and/or
2) The pension funds are far more underfunded then reported, and/or
3) There are no words to describe the magnitude of enormous size of the deficit.
The $2 trillion deficit is about 5-6 times the size of the pension underfunding and the deficit is for merely a one year period, whereas the pension money pays out an average of 15-20 years. These numbers look disturbingly like lots is owed and little is saved.