US- Exxon Mobil has reported a jump in its pension deficit to nearly US$15bn - an increase of over 100% from the previous year.
The firm's annual report revealed a deficit for its US pension plan of $6.6bn in 2008, up from $1.4bn in 2007. Non-US pensions had a pension liability of $8.7bn, up from $5.3bn the previous year...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here