Employers with underfunded pension plans have until Dec. 18 to inform...

Employers with underfunded pension plans have until Dec. 18 to inform participants about the shortfall, the PBGC announced today. Under the Retirement Protection Act of 1994, these companies are required to tell participants and beneficiaries annually about the funding levels, and the extent of pension insurance provided by the PBGC. Companies must provide this information within two months after they file their pension funds’ annual financial reports for the previous year. This year’s Form 5500 filing deadline was Oct. 18.