Western Digital's (WDC) CEO Steve Milligan On Q4 2015 Results - Earnings Call Transcript. Good afternoon and thank you for standing by. Welcome to Western Digitalâs fourth quarter financial results for fiscal year 2015. Presently all participants are in a listen-only mode.
Pension funds of companies in the S&P 500 are underfunded by over $375BN, in aggregate, with the top 25 companies representing $225BN of the underfunding Skip to main content
Last year, state teacher pension systems had $499 billion in unfunded liabilities. That figure is up $100 billion in the two years since the groupâs last report. On average, thatâs about $10,000 in pension debt for each school-age child in the country. The teachersâ unions argue that the best way to get and keep good teachers is to promise them lifetime benefits after 25 or 30 years on the job. Stick with the job long enough and the money rolls in.