Medical cost funding, in particular, is continuing to come up short, the newspaper said. In the beginning of 2006, the post-retirement plans and healthcare obligations of the companies in the Standard & Poor's 500-stock index were severely underfunded.
S&P and many other pension trackers are predicting that rising interest rates will quell much of the pension-plan shortfall, but funds for "other post-employment benefits" (OPEB) will be much less than projected outlays, the Journal said.
"OPEB is in very poor shape," says Howard Silverblatt, S&P's senior index analyst in New York and author of the research report. "The pension situation is much more manageable because there are more assets set aside to cover those liabilities."
Notable deaths of 2014 [PHOTOS]