[arete]

bizarre assumption of companies like GM, which are not operating in the real world, with expectations that their pension investments will grow by 10 percent.

The pension fund issue seems to be the new hot media issue. Is it a warning?

Richard W.

[arete]

FYI

Comments and opinions welcome.

Richard W.

[PGalt]

Thanks for the post, interesting.

[ex-Texan]

"By one account, 50 of the biggest American companies have seen 90 percent of their pension surpluses go up in smoke during the bear market..."

It is worse that that. Very conservative projections.

More likely all companies are facing vastly worse projections ....

[ChiefKujo]

Stop complaining. The government will save us all.

[Soren]

I was just explaining this issue and the difference between defined contribution and defined benefit pension plans to my wife at breakfast this morning. She was a good sport, but I got that look that says "boring husband alert". I said, you married an actuary, what do you expect?

[Nick Danger]

The pension fund issue seems to be the new hot media issue. Is it a warning?

No, it's an election tactic. You're supposed to get all worried about your pension and vote Democrat. The Democratic politicians are having a Hell of a time getting anyone to pay attention to them, so the Democratic media is trying to fill in the gap. You won't be hearing any more about this after the election. It's just the media shilling for The Party.