From Calculated Risk:
http://www.calculatedriskblog.com/2009/07/pbgc-to-assume-delphi-pension-plans.html
Companies underfund pensions to boost their bottom line, similar to California borrowing education monies to balance its budget. This is perfectly legal. I don't understand why the law allows companies or the state to use accounting gimmicks to project an image of financial health. If companies offer pensions, they should fully fund the pension plan at all times. Otherwise, if the company doesn't do well, eventually the taxpayer is on the hook for the pensions--as in the case of Delphi.
Showing posts with label pension. Show all posts
Showing posts with label pension. Show all posts
Wednesday, July 22, 2009
Friday, June 12, 2009
Pension Q&A
From the WSJ, what happens to your pension if your company declares bankruptcy?
http://finance.yahoo.com/focus-retirement/article/107142/Pension-Benefits-Are-Protected-in-a-Bankruptcy
http://finance.yahoo.com/focus-retirement/article/107142/Pension-Benefits-Are-Protected-in-a-Bankruptcy
Subscribe to:
Posts (Atom)