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
There are ways out of this vise, but none are easy, and all are fraught with risks. State governments face at least a $1 trillion gap between pensions promised to their employees and retirees and the funds set aside to cover these liabilities. Add the nationâs cities and counties and you get another roughly $500 billion in unfunded promises. Of course, state and local governments donât have to pay this tab immediately, or even over the next few years.