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Strategies & Market Trends : Value Investing
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To: Freedom Fighter who wrote (7581)6/23/1999 11:52:00 AM
From: geoffrey Wren  Read Replies (1) of 78717
 
A couple of years ago GM's underfunding of pensions was in the magnitude of $10B as I recall. One of the reasons I stayed away at the time. Recent article in the Economist reviewed how many S&P 500 companies were significantly adding to current profits because their pension funds were getting overfunded, and they have a way of getting the excess out. But I don't suppose this is cause for investors to worry. If the market crashes and the funds get underfunded again, it's the taxpayer who will be forced to bail the funds out. Another example of corporate welfare.
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