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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (666122)	12/24/2004 11:28:57 AM
From: JDN	Read Replies (1) \| Respond to of 769670

I thought unfunded pension liabilities were no longer allowed in Private plans? If they exist I suppose a large part of it was the drop off in stock values. Even when I retired many years ago, Defined BENEFIT plans were on the way OUT in private/public companies (ie non government entities) and being replaced by defined CONTRIBUTION plans which do not have unfunded liabilities. So, I would be surprised if this is much of a problem. Should Iraq settle down I would bet oil prices would drop a lot, probably would break up OPEC. If Iraq AND Iran were to become peaceful could be the last Golden Age of Petroleum fuels. Remember a $1 a gal. gas, sure would be great. jdn