Reply #11: The Gov encouraged 10 to 12% interest assumptions for funding [View All]

[papau]

those pension liabilities -


They have dropped lately - under 10% is more common.

Where the actuary has control it is 5 to 6.5 % - but those are small plans. The big plans underfund via high interest assumptions for future earnings. The PBGC must pick up the real tab when they claim business necessity to end the plan.

No money is stolen - it just was never deposited in the first place!

As with a great deal under Bush it is not a change from Clinton allowing higher than he should interest rates - it is just Bush has gone to extremes all the while not enforcing regulations that under Clinton would have caused gov audit questions - with no questions being asked, no problems - and we cut the Fed Budget in this area relative to need.