Low interest rates on bonds and weak returns on stocks have made managing pension funds a real pain for many companies who offer defined-benefit plans.
Deutsche Bank's David Bianco compiled a list of 100 S&P 500 companies that are the most underfunded (as measured by pension deficits to market capitalization).
We pulled the 14 companies where the underfunding represents more than 25 percent of market cap.
Goodyear Tire & Rubber
Ticker: GT
Funding Status Percentage of Market Cap: -107.1%
Total Amount Under Funded: -$3,097 million
Source: Deutsche Bank
United States Steel
Ticker: X
Funding Status Percentage of Market Cap: -73.3%
Total Amount Under Funded: -$2,417 million
Source: Deutsche Bank
R.R. Donnelley & Sons
Ticker: RRD
Funding Stats Percentage of Market Cap: -46.8%
Total Amount Under Funded: -$1,074 million
Source: Deutsche Bank
See the rest of the story at Business Insider
Please follow Money Game on Twitter and Facebook.