Williams' pension fund short

(Tulsa-AP) -- Williams Companys says its pension fund is $55-million short of its benefit obligations because of diminished returns at the fund's investments. <br><br>The company says the retirement

Wednesday, January 22nd 2003, 12:00 am

By: News On 6

(Tulsa-AP) -- Williams Companys says its pension fund is $55-million short of its benefit obligations because of diminished returns at the fund's investments.

The company says the retirement trust for its current employees was about 77% funded at year end, when accounting only its current obligations.

In the long term, Williams says the fund is about $75-million short.

The information is contained in a regulatory filing with the Securities and Exchange Commission.