|
|
Article: Pension Funds' Risky Business: Many companies that still have traditional pension funds will likely do what comes naturally, and transfer risk to their employees.
- Article from:
- Newsweek
- Article date:
- December 9, 2002
- Author:
CopyrightCOPYRIGHT 2002 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Allan Sloan
You've got a lot on your mind these days. You're probably still picking away at Thanksgiving leftovers and thinking about the winter holidays. Meanwhile, corporate pension bean counters are engaged in their own December rituals, which are considerably less fun. They're calculating how sound their companies' pension funds are. Or aren't. It's a sophisticated version of the exercise you do when you plug numbers into Web-site calculators to see when you can afford to retire. (You know the drill. Earning 40 percent a year, you can retire young and rich; if today's market continues, you can't retire until 12 years after you've died.)
For ...