GE Cuts $2.4 Billion From Biggest Pension Deficit on S&P 500
- Shortfall of $28.7 billion is down 8 percent from 2016
- Company closed 2017 with about $100 billion in obligations
Photographer: Simon Dawson/Blomberg
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General Electric Co. trimmed its pension deficit by $2.4 billion as the manufacturer tackles the worst shortfall in corporate America.
The $28.7 billion deficit is down about 8 percent from the prior year, according to a regulatory filing late Friday. The company closed 2017 with $100.3 billion in obligations across its pension plans and $71.6 billion in assets.