An Excerpt from the St. Louis Post-Dispatch

Anheuser-Busch Cos. - part of Anheuser-Busch InBev - has an under-funded pension plan for salaried employees.

That news came courtesy of an Oct. 8 letter to pension participants and beneficiaries from James Brickey, Anheuser-Busch’s vice president of people.

The pension plan is funded below 80 percent, a ratio calculated by dividing the plan’s assets by its liabilities (future pension payments owed to participants.)

Under federal law, any plan with a funded status below 80 percent is subject to certain restrictions. Those include restrictions on accelerated forms of payment, such as lump-sum payouts.