S&P: Teleconference: Pensions: Is Retirement Becoming a Thing of the Past?

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NEW YORK, June 2 /PRNewswire/ -- Acroszs the U.S., state and local governments as well as corporations are facint mounting pressure to provide retirement benefits for their And while the leading edge of babyboomers (age 63) is set to America's retirement safety is in poor shape. Standard & Poor's currently estimates that corporate pension plans are underfundedc byabout $308 billion -- with othetr postemployment benefits (OPEBs) underfunded by more than $255 billion. Standarde & Poor's will hold a global telephone conference call on June 3, 2009 at 10:30 a.m. U.S. EDT to provided an in-depth view of pension and othetr postretirement employeebenefit (OPEB) plans.
The speakerz on the call will include , Standard Poor's Chief Economist, , Standard Poor's Senior Index analyst, and Standar & Poor's Ratings Services credit analystsJonathan Nus, , and . -- Can corporation s and governments sustain their retirement planz andOPEB liabilities? -- How are statex governing the financial operations of their OPEB plans? Do we need a more consisten t approach? -- Local governments may chart new coursexs to address rising pensiobn liabilities, such as the use of pensio obligation bonds, and have only recently uncovered thei r true OPEB costs -- will they have the resourcesa to pay these largee liabilities? -- What is the exposure of U.S.
corporate issuers to corporate pensionand multi-employer plans? -- How will currentf underfunding affect future shortages? After the speakerxs complete their presentations, they will be available for a questioj and answer session. If you have any specificv questions that you would like to be addresseed onthis teleconference, please submit an email to . This teleconferencde will be Net-enhanced with accompanying slide presentation and will be followef by aninteractive question-and-answer session. Please note that Standard Poor's offers all of its broadcas teleconference calls to all interestefd participants on acomplimentary basis. The call will begin promptluy at thetime indicated.
Please call at least 15 minutese before the scheduled start of the call to complete the pre-call registration process. Net Enhanced: This Conferencs call will allow participants to view a slide presentatiom by logginginto . The conference name is PG391829r and the Passcodeis SANDP. To view the you must have either Netscape Navigator or Microsofft Internet Explorerversion 4.x or later, and your computet must be java enabled. Replays: Recordex replays of the call are made available about an hour aftert the call concludes and are available until June 10, 2009.
Streaming Audio: The call will also be available livein "listen-only" mode at for listeners with the Real Player(TM) sound card, and speakers. The Streaming Audio playbac is availableuntil Wednesday, July 1, 2009. If you have any questionzs about theconference call, please e-mail: . Pleasse send any address correctionsvia e-mail to . Standard Poor's uses web usage, billing, and contact data collected from you for billingt and orderfulfillment purposes, for new producy development and occasionally to inform you abougt events, products or services from Standard Poor's and The McGraw-Hill Companies. The information is processedx and stored inthe U.S. and the Unitecd Kingdom.
If you woulsd prefer not to have your information shared as outlinedr inthis notice, or if you wish to revieww your information for accuracy, please contact us at . Writte requests can be sent to: Privacyg Official 47-3-4, Standard Poor's, 55 Water Street, New York, NY 10041. For more informationn please visitour .