As a result, the majority of S&P 500 plans were underfunded at the end of 2002, with a net shortfall that exceeded $ billion. Thus, many companies needed to make additional contributions, in some cases quite substantial, to their pension plans.
DeLisle Worrell: General financial sector issues and policies Opening remarks by Dr DeLisle Worrell, Governor of the Central Bank of Barbados, at the Financial Institutions Conference “General Financial Sector Issues and Policies”, Bridgetown, 3 November 2011. *  *  *  This is our second annual conference for all financial institutions.