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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Win-Lose-Draw who wrote (183979)7/26/2002 10:43:53 PM
From: Alias Shrugged  Read Replies (2) of 436258
 
Corporations sponsoring defined benefit pension plans pay a premium annually to the PBGC composed of two parts, a fixed per head charge and a variable premium based on how well (or how poorly) the Plan is funded.

I left the business in 1997, so I am not familiar with the current health of the PBGC. But, if things unfold as expected here in The Zone, the PBGC will be swamped with claims and have insufficient assets.

Ok, all together now, let's hold hands and buy an SUV. -gg-
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