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Regulators found a customer fund shortfall of at least $200 million.
the answer to a fund shortfall was not to increase the contributuions but to raise the benefits.
The authorities arrested him, and regulators discovered a customer fund shortfall at Peregrine of at least $200 million.
To help stem the torrent of complaints from MF Global's clients, CME pledged what amounted to an insurance policy that would backstop the fund shortfall.
In his first public appearance since the bankruptcy filing, Jon S. Corzine, MF Global's former chief executive, testified at a Congressional hearing on Thursday that he did not know what lay behind the customer fund shortfall.
The stock of the systems development unit of Nippon Telegraph and Telephone fell after the unit, NTT Data, said it lost money in the year ended March 31 because of charges related to a pension fund shortfall.
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GM already has a pension-fund shortfall of $19 billion, as big as its market capitalisation.
See articleThe French government unveiled a series of measures aimed at reducing the state pension-fund shortfall.
A DB member, by contrast, gets his salary plus the employer's promise to make up any pension-fund shortfall.
The government forecasts that retirement at 62 will reduce by €18.6 billion the €42 billion state pension-fund shortfall expected by 2018.
France faces a state pension-fund shortfall of €42 billion ($54 billion) by 2018 to fund some of the longest retirements in Europe (see chart 1).
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