Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (9438)	10/25/2002 12:32:50 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 57110

hmmm... i just don't think it works that way... if a corporation sets up a defined benefits plan, they are under legal obligation to meet those benefits. i suppose the feds could declare some type of emergency as they did after 9/11 to extend the time for corps to meet the minimum funding requirements... but i doubt that "oops, we screwed up on our investments" is an acceptable 'emergency' Fiduciary Issues Related To The National Disaster The Department of Labor (DOL) recognizes that plan fiduciaries may encounter a variety of fiduciary issues in dealing with the disruption of the financial markets due to the September 11, 2001, national disaster. The DOL recognizes that fiduciaries may find it necessary and prudent to take extraordinary steps to safeguard plan assets. If a fiduciary adopts temporary procedures, the fiduciary should ensure: (1) the procedures protect the interests of the plan and its participants and beneficiaries, and (2) the procedures are documented