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Don’t Stick Taxpayers With Underfunded Corporate Pensions
By the Editors
09/17/2012
www.bloomberg.com
When Congress passed a transportation bill in July, it included important changes to rules governing corporate pensions. Unfortunately, these changes will allow companies to underfund their pension plans, which will cost taxpayers down the road.
As usual with bad pension policy, the rules involve a complex accounting issue. In this case it’s “discounting,” the [...]
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