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This isn't an actual management miscue - or at least a management miscue in this administration...

The fact is that the pension obligations were not estimated accurately (to no ones fault in management - probably an actuary somewhere) based on certain assumptions that were too rosy. If they would not of been dumping cash into the pension plan, we would be seeing an even greater deficit and larger hole to dig out of. The fact is the pension are not growing by new participants but through legacy pension holders (*cough* ROB)

MjH
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