Not only is U.S. nuclear power firm Westinghouse Electric Co.LLC bankrupt and on the mat after a failed reactor project, itsemployees have been given another dose of bad news—something thatcame as a surprise: According to the U.S. government's pensioninsurer, its retirement plan has a massive shortfall.

Reuters reports that although the vast majority of bankrupt companieswith major pension deficits indicate that underfunding years before theyfile for Chapter 11, that was apparently not the case forWestinghouse, whose Westinghouse Electric Co Pension Plan, withabout 9,700 participants, looked to be fully funded in its mostrecent report to the Department of Labor in 2015.

The Pension Benefit Guaranty Corp. has, contrary to Westinghouse'sown figures, estimated the pension plan is underfunded by $937million.