Pay of the problem with DB Sachems is a few years ago accountants pushed though changes that overstate the liabilities. In the uk you have to account for pensi

Pay of the problem with DB Sachems is a few years ago accountants pushed though changes that overstate the liabilities. In the uk you have to account for pension liabilities as if tomorrow 100% of your scheme members became liabilities which is only likely to happen if there is a zombie Apocalypse. One has to ask who benefits from this dodgy change to acounting rules.