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re: One in four Americans has more debt than savings
Posted on 2/23/12 at 2:37 pm to kfizzle85
Posted on 2/23/12 at 2:37 pm to kfizzle85
quote:
Can you elaborate/link to something specific here?
I don't know that this is Harvard business school quality, but it certainly highlights pension underfunding as a valid concern LINK
1
Posted on 2/23/12 at 2:47 pm to iknowmorethanyou
quote:
May 27, 2010, 8:16 p.m. EDT
When you said "relying on the PBGC for help" I took that to mean they were getting funding from them as I'm not sure how else to take that comment. The reason I asked further is that as far as I'm aware, unless they get wiped in a bk they don't get any money from being underfunded, they just get told to true it up when things get way out of whack (you know, to avoid precisely that). So if there's pensions getting bailed out by the PBGC pre-bk I'd like to know about it as I've not seen or heard of that happening.
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