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Regardless of what their pension obligations are, shouldn't the financial stance be determined by actual financial planners instead of the US congress? That's w
by jschwartzi 6y ago
Regardless of what their pension obligations are, shouldn't the financial stance be determined by actual financial planners instead of the US congress? That's what everyone else in the world does if they need to plan for a future payout. They pay someone to do the math. In this case Congress made the decision, and I suspect for politically motivated reasons.
- SilasX 6y agoIn the same real world, every other corporation is required to set aside the present discounted value of promised pensions. We learned our lesson from the GMs and Bethlehem Steels of the world.