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pensions and the stock market



I have a question about pensions.  A couple days ago, the Wall Street
Journal had article about companies' manipulations to lower pensions.  I
suspect that the massive stock market run-up had a major impact in
creating surpluses for many pension plans.  Now that some of those
surpluses are disappearing, what will the impact be?  Lowering benefits or
a reduction in profits to make good the disappearing surplus?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx




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