Featured Jobs
|
DWC - The 401(k) Experts
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
PPS Pension Services
|
|
Compass
|
|
Frank Pension Consultants, Ltd.
|
|
DWC - The 401(k) Experts
|
|
Compass
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
The Pension Bombshell in the Fine Print: Lowering Predicted Pension Fund Returns
Jim Jubak in TheStreet.com 
May 20, 2002
Excerpt: Footnote 18 to a company's financial statements is an odd place to find a bombshell. But that's where you'll find the one Berkshire Hathaway dropped in its recent 10-K ... Warren Buffett's company cut its projected rate of return for its corporate pension plans to 6.5% for 2001, from 8.3% in 2000 ... And unless the stock market starts turning in regular double-digit quarterly gains in the next few months, it looks like other U.S. companies will have to follow Berkshire's lead.
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |