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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (109)	1/11/2002 3:35:24 PM
From: Karen Lawrence	Read Replies (2) \| Respond to of 5185

Pompsander: My statements were based on personal experience with 401k and pension plans. You are better informed about Enron, so I defer to you.

To: pompsander who wrote (109)	1/11/2002 4:37:58 PM
From: Mephisto	Respond to of 5185

"The point is, the enron decision on that plan DID harm the 401(k) participants by reducing their other source of retirement income. When Enron stock tanked, both plans took massive hits. The DB plan, as I undestand it, may not have enough assets to pay its promised benefits. If true, the Pension Benefit Guaranty Corporation will ensure the benefits, but up to certain limits. Long Term and older employees will get hit worst because their account balances and accruals would be greater." Thanks for the post.