[Starwind]

Kandarian blamed the deficit on record pension underfunding by American companies and the recent failure of a number of pension plans, especially in the steel and airline industries.

Another reason we should all be concerned with the jobless plight of coworkers and misleading financial results and accounting.

[Starwind]

Last week the U.S. House of Representatives approved a stopgap measure offering companies a more lenient formula for calculating pension funding now, while Congress searches for a long-term solution to the national shortfall in pension plans. Similar proposals are pending in the Senate.

And that's how this mess got started and gets worse. Never a good time to account for pension funding rationally, but always a good time to loosen it.

[WI Conservative 4 Bush]

This is ridiculous. Pension plans are as much a ponzi scheme as Social Security.

All retirement plans should be defined contribution plans. let the employees put deferrals and company awards into a savings/equity account.

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[Tauzero]

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[getget]

The Pension Benefit Guaranty Corp., which insures retirement plans for 44 million current workers and retirees, had forecast a $5.7 billion deficit earlier this year