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Politics : Ask Michael Burke

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To: Alias Shrugged who wrote (69024)	10/13/1999 2:29:00 PM
From: Freedom Fighter	Read Replies (3) of 132070

Mike, I didn't read the article. Is the pension income number that you show the amount that was applied to operating earnings as a result of excess pension returns that were shifted? If so, then it might be more significant than it looks at first glance. If I understand correctly, normally the pension would require progressively larger "expenditures" as the company grows. So even if the pension was contributing nothing to operating earnings, it would be contributing that portion that the company didn't have to put into it. Again, I didn't read the article though. Wayne

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