http://www.nytimes.com/2006/03/19/business/19pension.html?hp&ex=1142744400&en=aedadeb0f2299749&ei=5094&partner=homepage(For those unfamiliar with the issue, when pension go bankrupt, eventually taxpayers are likely to pay, which is why this is of continuing interest to those of us concerned with interest rates, since taxpayer bail-outs borrow money.)Basically, this article suggests that attempts to strenghten pension plans, by making companies pay enough to keep them solvent, have been undone by the usual suspects.
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