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1 posted on 11/04/2003 11:34:14 AM PST by Starwind
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To: AntiGuv; arete; sourcery; Soren; Tauzero; imawit; David; AdamSelene235; sarcasm; Lazamataz; ...
Fyi...
2 posted on 11/04/2003 11:34:48 AM PST by Starwind (The Gospel of Jesus Christ is the only true good news)
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To: Starwind
Congress currently plans to temporarily allow companies to value pension obligations with a discount rate tied to the yield on long term, high grade corporate bonds rather than a rate tied to the 30-year Treasury bond.

Temporary my foot as the saying goes. This is a plan to reduce pension liabilities and payouts in the future also. Don't tell me it's going to be made up some time in the future. That'll never happen. Another below the radar gambit for those retiring in the future. You didn't get what we promised ? Well you know, shit happens.

3 posted on 11/04/2003 11:55:09 AM PST by imawit
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