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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (235124)	4/11/2003 2:15:31 PM
From: zonder	Respond to of 436258

Ah. OK. <g>

To: Knighty Tin who wrote (235124)	4/11/2003 2:41:53 PM
From: RealMuLan	Read Replies (1) \| Respond to of 436258

Mike, how do you think of this? A Plan to Recalculate Pensions By MARY WILLIAMS WALSH "The proposal, embraced by the nation's biggest corporations, would use a rate that is tied to high-rated corporate bonds and that is higher than both the interim measure and the rate that companies have traditionally used to measure their pension obligations. The higher rate, known as the discount rate, makes obligations to retirees look smaller, at least on paper. .... Under the old calculation pegged to the 30-year bond, companies would have used a rate of 5.84 percent, versus 6.67 percent under the interim measure. If the new proposal had been in place at the end of the year, the rate would have been 7.42 percent."